Solar, Taiwan

Taiwan’s solar cell makers report robust sales

January 7, 2008 (EMSNow) – The Taiwan-based Motech Industries Inc., Gintech Energy Corp. and E-ton Solar Tech Co., all posted robust sales performance for December 2007, according to company sources.With ample sources of raw materials, E-ton and Gintech recorded a growth of up to 30% and 20%, respectively, in their December revenues, compared with one month earlier.  They are expected to see their gross profit rates keep trending upward in the fourth quarter of 2007.

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E-ton scored sales revenue of NT$870 million for December 2007, up 30% from a month earlier and doubling from a year earlier. The company noted that its whopping revenue growth in December was attributable to its reinvested affiliate, the U.S.-based silicon wafer supplier Adema, which has started delivery of silicon in 2007 and raked in annual sales revenue of NT$5.973 billion for the year.

E-ton has enjoyed an influx of orders, and worked closely with Adema and Japan’s M.Setek, supplier of polysilicon, to secure ample sources of raw materials. E-ton projects its annual capacity to shoot up to about 320 megawatts by the end of 2008 from 2007’s 200 megawatts, infusing momentum into its business operations.

As a newcomer in the sector, Gintech, sourcing raw materials from MEME Electronics Inc., saw its sales revenue break the NT$1 billion mark to reach NT$1.012 billion for December, up 23% from a month earlier and rising by 5.3 folds from a year earlier. Gintech reported annual sales revenue of NT$6.829 billion for 2007, sharply increasing by 11 folds from 2006.

With ample supply of raw materials, Gintech expects its annual revenues for 2008 to shoot up 350% from 2007. The company plans to boost annual capacity to 560 megawatts in 2008 from 210 megawatts in 2007.

On the other hand, Motech garnered sales revenue of NT$1.544 billion in December, hitting a historical high and up 4.3% from a month earlier. In 2007, the company netted annual revenue of NT$15.578 billion, increasing 92.3% from a year earlier and leading the sector in Taiwan. Motech said that it is to expand its annual capacity to 400 megawatts in 2008 from 240 megawatts in 2007, and aims for a real output of 280 megawatts for the year, up from between 175 megawatts and 180 megawatts in 2007.

Operations of Motech, Gintech and E-ton in 2007

Motech Industries Inc. expect sales to grow from NT$1.544 B. to NT$15.578 B. and plan to increase capacity to 400 megawatts from 240 megawatts

Gintech Energy Corp. expect sales to grow from NT$1.012 B. to NT$6.829 B. and plans to increase capacity to 560 megawatts from 210 megawatts

E-ton Solar Tech Co. expect sales to grow from NT$0.87 B. to NT$5.973 B. and plans to increase capacity to 320 megawatts from 210 megawatts

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