On July 20th Fuyuan Silicon and Shanghai Solar Technology successfully produced 6N polysilicon in Baishan, Jilin province.
Its annual solar grade polycrystalline silicon production capacity is 1000 ton. And they adopted some physical way to produce polysilicon and its production cost is only two thirds of the international manufacturers, and the total investment is saved two thirds.
Sunday, July 29, 2007
China Sunergy Strengthens Management Team with the Appointment of Allen Wang as CEO
NANJING, China, July 27 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. , a specialized solar cell manufacturer based in Nanjing, China, announced today that it has appointed Allen Wang as its new Chief Executive Officer ("CEO") with immediate effect. Mr. Wang will succeed Mr. Tingxiu Lu, who will remain as Executive Chairman and continue to be an integral part of the management team and a member of China Sunergy's Board of Directors.
Mr. Wang, 53, brings with him over 26 years experience in operations management and sales with leading technology companies in China, the US and Taiwan. His particular strengths are in supply chain management, operational management and procurement.
Mr. Wang joins China Sunergy from NEC China, where he was Senior Vice President and General Manager of its operations division focusing on supply chain management, quality assurance and customer service. Prior to joining NEC, he spent nearly ten years with Motorola in a variety of senior operational management roles including time spent establishing, developing and overseeing Motorola's handset joint venture in China, which he took from start-up to a business with annual sales of US$600 million per/annum within three years. In addition to his experience in China, Mr. Wang also spent eight years in the US with AT&T.
Mr. Tingxiu Lu, Chairman and CEO of China Sunergy, commented: "I am delighted that Allen Wang has decided to join us and look forward to working closely with him over the coming months. I was particularly impressed by both his drive and ability to grasp the more technical element of our business and believe that these factors, combined with his considerable operational experience and proven ability to grow a business, will be of enormous benefit to us as we seek to forge closer ties with suppliers and expand our operations."
Mr. Wang further added: "It is a great honor to be appointed to be the CEO of such a young and dynamic company as China Sunergy. As an engineer, I am extremely impressed by the strength of the company's research and development efforts and look forward to ensuring that these efforts can be commercially realized as we seek to expand our customer base and secure long-term contracts with our suppliers."
An engineer by training, Mr. Wang holds an MA in mechanical engineering from Yale University, an MA in electrical engineering and PhD in Computer Science from Northwestern University and an MBA from the University of Chicago. He is fluent in both English and Mandarin Chinese.
In the light of Allen Wang's appointment as a director to the board, Mr. Shiliang Guo will step down as a board member with immediate effect.
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. ("China Sunergy") is a leading manufacturer of solar cell products in China as measured by production capacity. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please go to http://www.chinasunergy.com .
Mr. Wang, 53, brings with him over 26 years experience in operations management and sales with leading technology companies in China, the US and Taiwan. His particular strengths are in supply chain management, operational management and procurement.
Mr. Wang joins China Sunergy from NEC China, where he was Senior Vice President and General Manager of its operations division focusing on supply chain management, quality assurance and customer service. Prior to joining NEC, he spent nearly ten years with Motorola in a variety of senior operational management roles including time spent establishing, developing and overseeing Motorola's handset joint venture in China, which he took from start-up to a business with annual sales of US$600 million per/annum within three years. In addition to his experience in China, Mr. Wang also spent eight years in the US with AT&T.
Mr. Tingxiu Lu, Chairman and CEO of China Sunergy, commented: "I am delighted that Allen Wang has decided to join us and look forward to working closely with him over the coming months. I was particularly impressed by both his drive and ability to grasp the more technical element of our business and believe that these factors, combined with his considerable operational experience and proven ability to grow a business, will be of enormous benefit to us as we seek to forge closer ties with suppliers and expand our operations."
Mr. Wang further added: "It is a great honor to be appointed to be the CEO of such a young and dynamic company as China Sunergy. As an engineer, I am extremely impressed by the strength of the company's research and development efforts and look forward to ensuring that these efforts can be commercially realized as we seek to expand our customer base and secure long-term contracts with our suppliers."
An engineer by training, Mr. Wang holds an MA in mechanical engineering from Yale University, an MA in electrical engineering and PhD in Computer Science from Northwestern University and an MBA from the University of Chicago. He is fluent in both English and Mandarin Chinese.
In the light of Allen Wang's appointment as a director to the board, Mr. Shiliang Guo will step down as a board member with immediate effect.
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. ("China Sunergy") is a leading manufacturer of solar cell products in China as measured by production capacity. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please go to http://www.chinasunergy.com .
Saturday, July 28, 2007
LDK Solar Expands 2009 Production Capacity to 1,600MW
SUNNYVALE, Calif. and XINYU CITY, China, July 26 /PRNewswire-FirstCall/-- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer ofmulticrystalline solar wafers, announced today that it has securedadditional contracts for production equipment that will enable the Companyto expand its wafer production capacity to 1,600MW by the end of 2009. Under these contracts, LDK will purchase additional directionalsolidification system (DSS) furnaces and wire saws for use in itsmanufacturing facilities in Xinyu City, China.
"By securing this equipment, we will be able to execute our plans todouble our production capacity annually through 2009, in order to addressthe strong demand for solar wafers," stated Xiaofeng Peng, Chairman andCEO. "These agreements represent another key step towards fulfilling ourvision to become the largest and lowest cost producer in the solar waferindustry."
"By securing this equipment, we will be able to execute our plans todouble our production capacity annually through 2009, in order to addressthe strong demand for solar wafers," stated Xiaofeng Peng, Chairman andCEO. "These agreements represent another key step towards fulfilling ourvision to become the largest and lowest cost producer in the solar waferindustry."
Clean-tech VC investment booming in China
London, 26 July: Venture capitalists invested $420 million in Chinese clean technology companies in 2006, more than double the previous year's $170 million, according to a report from Cleantech Network.
The US network of investors and clean-tech firms predicted the trend would continue, with clean-tech venture capital (VC) investment reaching $580 million this year, and surpassing $720 million in 2008.
"Policy drives much of the interest in China's clean-tech industries. The enforcement of China's renewable energy law attracted a flood of VC investment into energy-related fields in 2006," the report said.
Some 70% of the $420 million total was invested in the solar sector, including 2006's largest VC deal – the $53 million first-stage investment by CVC International and Good Energies in SolarFun, a manufacturer of photovoltaic cells. SolarFun was subsequently floated on US exchange Nasdaq, a trend that is also set to continue with at least four solar companies expected to go public this year, the report noted.
Energy generation will continue to take the lion's share of VC investment in coming years, but water and wastewater will be the next emerging segment, the Ann Arbor, Michigan-based Cleantech Network predicted, as "China is facing serious issues of water quality and water resources, especially in North China".
Of the 26 deals struck in 2006, six were in the water sector, for a total of $90 million. However, the report predicts water technology investment will only reach $100 million by 2008.
Overall VC investment in China reached $2.2 billion in 2006, and the report said veteran investors see opportunity in clean-tech that is akin to IT – which today is the dominant investment segment in China.
The US network of investors and clean-tech firms predicted the trend would continue, with clean-tech venture capital (VC) investment reaching $580 million this year, and surpassing $720 million in 2008.
"Policy drives much of the interest in China's clean-tech industries. The enforcement of China's renewable energy law attracted a flood of VC investment into energy-related fields in 2006," the report said.
Some 70% of the $420 million total was invested in the solar sector, including 2006's largest VC deal – the $53 million first-stage investment by CVC International and Good Energies in SolarFun, a manufacturer of photovoltaic cells. SolarFun was subsequently floated on US exchange Nasdaq, a trend that is also set to continue with at least four solar companies expected to go public this year, the report noted.
Energy generation will continue to take the lion's share of VC investment in coming years, but water and wastewater will be the next emerging segment, the Ann Arbor, Michigan-based Cleantech Network predicted, as "China is facing serious issues of water quality and water resources, especially in North China".
Of the 26 deals struck in 2006, six were in the water sector, for a total of $90 million. However, the report predicts water technology investment will only reach $100 million by 2008.
Overall VC investment in China reached $2.2 billion in 2006, and the report said veteran investors see opportunity in clean-tech that is akin to IT – which today is the dominant investment segment in China.
Thursday, July 26, 2007
Emei Semi-conductor Materials Factory Joined Dongfang Steam Turbine Works
Emei Semi-conductor Materials Factory Joined Dongfang Steam Turbine Works in October 2006, and Dongfang Steam Turbine Works has invested 600 million RMB to help Emei Semi-conductor Materials Factory to expand its production capacity.
Emei Semi-conductor Materials Factory started to construct its 500 ton electronic grade polysilicon project in March 2007. And Dongfang Steam Turbine Works started the 1500 ton polysilicon project in April 2007.
Emei Semi-conductor Materials Factory started to construct its 500 ton electronic grade polysilicon project in March 2007. And Dongfang Steam Turbine Works started the 1500 ton polysilicon project in April 2007.
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