4 Billion Yuan! Huamin to Launch 24GW Silicon Ingot and N-Type Silicon Wafer Project

PVTIME – On 11 June 2023, Hunan Huamin Holdings Co., Ltd. (300345.SZ) announced that Honsun, a holding subsidiary of the Company, intends to invest in the second phase of its high-efficiency n-type monocrystalline silicon ingot and wafer project, the first phase of which was commissioned in January 2023, and to expand its 10GW silicon ingot and 4GW silicon wafer project in Dali City, Yunnan Province, China.

The project is expected to be commissioned in November 2023 and completed in January 2024, with a total investment of 4 billion yuan, including 1.3 billion yuan for facilities, 2.1 billion yuan for equipment and 600 million yuan for working capital.

According to the announcement, the company is confident of the successful implementation of the project, which is expected to increase production capacity to meet the industry demand for high-quality HJT silicon wafers and enhance its competitiveness, brand influence and profitability, and leverage its technology, management experience and other resources in the entire supply chain, especially for the crystal pulling and slicing part.

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