SCHOTT Solar Announces Plans to Significantly Expand Global Capacity
SCHOTT Solar announced that it will boost its global photovoltaic module production capacity to more than 800MW in 2011. In order to improve economies of scale and better supply new growth markets, SCHOTT Solar will invest in the expansion of wafer capacity at its German manufacturing sites and expand its global module manufacturing network via a joint venture with Hareon Solar Technology Co., Ltd. in China.
"Asia will become one of the largest growth regions for photovoltaics. The Chinese government has recognized the strategic importance of renewable energy and is strongly committed to this future industry. For this reason, we are taking advantage of the good condition that the market is in right now to strategically expand our manufacturing in the region and internationalize our solar business even further," said Prof. Udo Ungeheuer, Chairman of the Board of Management of SCHOTT AG. "SCHOTT has been manufacturing in East Asia already for many years. This has enabled us to secure jobs and sites in Germany over the long term and remain competitive in international markets."