Hangzhou First Applied Materials Co., Ltd. to Invest 1.603 Billion Yuan in Solar EVA Film Production Facility

PVTIME - On Wednesday evening, Hangzhou First Applied Materials Co., Ltd. (hereby referred to as “the company”) announced its plans to invest in a solar EVA film production facility with an annual production capacity of 500 million square meters. The project is to be implemented in Chuzhou City of Anhui Province by the company’s wholly-owned subsidiary, Chuzhou First Applied Materials CO., Ltd. The investment total of this project will be 1.603 billion yuan and is to be self financed.

The company
is a global leader in the field of solar cell encapsulation and occupies more
than 50% of the global market share. The successful implementation of the above
project will further expand the company's production capacity, meet the
development needs of the photovoltaic industry, enhance the company's
supporting capabilities, optimize the company's product structure, and improve
the added value and core of the company's photovoltaic film products’ competitiveness,
and improve the company's economic efficiency.

At the same
time, the successful implementation of the project will ensure that the
company's photovoltaic encapsulation products have the technological advantages
and further consolidate the company's leading position in the global
photovoltaic encapsulation market.