Xinyi Solar Holdings Limited (“Xinyi Solar”; stock code: 968), the world’s largest ultra-clear photovoltaic (“PV”) raw glass manufacturer, has announced that its fifth PV raw glass production line with a daily melting capacity of 900 tonnes in Wuhu, Anhui Province has commenced trial-run on 31 October, 2014.
According to the group’s expansion plan, Xinyi Solar has accelerated the construction of two 900 tonne PV raw glass production lines at its Wuhu production complex in Anhui Province in 2014. The Group has previously commenced commercial production of its fourth production line in the third quarter. With its fifth 900 tonne PV raw glass production line coming into operation, the group’s total daily melting capacity in Wuhu and Tianjian will increase from 2,900 tonnes to 3,800 tonnes. In addition to the strategic advancement of expanding its production capacity in the Yangtze Delta region and enhancing its overall business, the new production line will significantly boost the competitiveness of Xinyi Solar in the PV glass industry.
Mr. Lee Yin Yee, Chairman of Xinyi Solar, said, “In view of the rising demand of the solar glass market, the group believes the expansion this time will help to cater for market demand, accelerate the expansion of the Group’s market share and raise its overall profitability. Looking ahead, the group will continue to consolidate its leading position in the global PV glass sector by leveraging its strong production capacity.”