Solar firms in recovery mode
June 12, 2014 Category Alternative energy, Environment
Consolidation is deepening in China’s solar-energy industry, as competition on the domestic market continues and companies face global trade barriers. “It is a recovery year,” Stuart Brannigan, Vice President of Sales and Marketing Europe and America ZNSHINE Solar said. “We have toughed out the supply glut and shrinking demand after several countries cut tariffs and subsidies.” The ZNSHINE Group was established in Jintan, Jiangsu province, in 1988. Consolidation will go on, leaving only five to 10 mega-companies on the market with big output, Brannigan said. “It is quite similar to what happened to the semiconductor industry. It does not mean that all small companies cannot survive. They have to be more flexible and better tap the niche market just like boutique hotels,” he said. Twenty-four of China’s 32 listed solar companies were profitable last year. Eight of them doubled their net profit. “Industry insiders are becoming more rational on the China market,” Zhang Weiming, Vice President of Technology with Heraeus, said. “Many have learned lessons over the past several years when suffering from oversupply. Meanwhile, more emphasis is going to quality control as solar plant installation expands.” Heraeus is a precious metal and technology firm headquartered in Hanau near Frankfurt, Germany. It will open a new front-side paste production site in China, its biggest market.
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world