Anwell in China JV for thin-film solar module business

Anwell Technologies Limited, an equipment and technology supplier to the optical disc, OLED and solar industries, today said it has formed a joint venture with a Chinese partner for thin-film solar module business.

The Chinese partner will invest US$7 million for a 10 per cent stake in the JV with 40MW initial production capacity per annum and will provide strategic local support for the solar module plant.

The new plant will be located in Henan, China. The initial 40MW production facility will be installed in the fourth quarter of FY2008 and will be China's first fully automatic thin-film solar module production line.

Following the pilot run in 1Q2009, the JV is expected to generate revenue by 2Q2009.
The management also plans to increase its production capacity to 120MW by 2010. -- BT Newsroom