PVTIME – On 4 March 2024, Shanghai HIUV New Materials Co., Ltd. (688680.SH), a high-tech film technology enterprise focus on R&D and manufacturing of new film materials, and committed to provide high level film products, technical support and overall solutions for customers in various fields, announced that it would postpone the operational plan of its PV packaging film production project from March 2024 to September 2025.
This particular project was initiated in 2023 and was planned to be completed in two phases, with a total investment of 2.5 billion yuan. The first phase is expected to reach a production capacity of 150 million square metres of PV packaging film per year, and the second phase is expected to reach 200 million square metres.
The postponement of the project is mainly due to recent market changes and regional demand for product supply from downstream customers. HIUV Vietnam will be added as one of the initiators and a similar project will also be launched in Vietnam, resulting in a delay in project progress.
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