Crystalline silicon photo voltaic cell maker E-Ton Solar Tech on April 22 introduced that it’s going to finish its photo voltaic cell manufacturing enterprise on account of continued working loss.
Because of things together with the US’ safeguard tariff charges imposed on imported photo voltaic cells and PV modules in January 2018, China’s implementing plans to manage home PV set up in June 2018 and the European Union’s ending imposition of minimal import value on China-made photo voltaic cells and PV modules in September 2018, photo voltaic cell costs dropped sharply in 2018, mentioned E-Ton chairman Frank Wen. Although costs have barely rebounded in 2019, they’re nonetheless decrease than E-Ton’s manufacturing prices, Wen famous.
The firm has determined to cease the enterprise as E-Ton has already been struggling internet money outflow for very long time, Wen mentioned.
E-Ton presently has three factories in southern Taiwan, however solely one in every of them was in operation. E-Ton is seeking to promote the 2 idle factories through open bid.
Whether E-Ton could have an opportunity to renew its enterprise operation will depend upon the choice made by Inventec, its father or mother firm, Wen indicated.
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E-Ton Solar: Production capability and output (million photo voltaic cells) |
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|
2016 |
2017 |
2018 |
|
|
Annual manufacturing capability |
108.52 |
144.31 |
141.39 |
|
Annual output |
93.07 |
132.85 |
72.84 |
|
Proportion of consolidated revenues for photo voltaic cells |
98.61% |
98.17% |
99.99% |
Source: Company, compiled by Digitimes, April 2019
E-Ton Solar to finish its photo voltaic cell enterprise
Photo: Digitimes file picture
