PVTIME – On 15 July 2023, Letong Chemical Co.,Ltd.(002319.SZ), a well-known company mainly engaged in the research, development, production and sales of medium and high performance inks and coating materials, announced its intention to set up 4.8 GW of high-efficiency HJT cell and 4.8 GW of solar module production lines with a total investment of 4.7 billion yuan.
In the first phase of the particular project, 2 automated intelligent production lines for 1.2GW of high-efficiency HJT cells per year and 3 production lines for 2.4GW of solar modules per year are planned, with an investment of 1.6 billion yuan. Then, the second phase aims to build 6 production lines for 3.6GW of HJT cell production and 3 production lines for 2.4GW of solar modules per year, with an investment of 3.1 billion yuan.
The new investment is a milestone for Letong to enter the new energy business, as for many years, the core products of Letong Chemical have been gravure printing inks, especially for tobacco packaging. Letong Ink also produces flexo inks, UV curable offset and screen inks, laminating, surface and reverse printing inks for PVC labels, printing inks for aluminium foils, spray coatings for plastics and special anti-counterfeiting/security inks.
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