SANTA CLARA, Calif.--(BUSINESS WIRE)--Hanwha SolarOne, a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, will build a new solar photovoltaic (PV) module factory in Eumseong, Chungbuk, South Korea. Hanwha SolarOne will invest $12 million to build the facility, which is scheduled to begin production in the second quarter of 2015 with an annual manufacturing capacity of 230 megawatts (MW).
Hanwha SolarOne is building the factory to service local Korean demand as well as further diversify the company’s manufacturing capacity, offering new options to supply tariff-free modules to the U.S.
“Hanwha SolarOne is proud to help South Korea become greener with clean solar electricity,” said Seong-woo Nam, chief executive officer of Hanwha SolarOne. “This new facility will also further diversify our manufacturing footprint, allowing us to offer tariff-free modules to the U.S. The Hanwha Group has successfully managed trade disputes in dozens of industries over the last 60 years, something no other tier-one solar manufacturer can claim.”
Hanwha SolarOne will hire about 200 new employees to work at the facility, including research and development personnel to focus on developing innovative module technology.
The new plant will add to current expansions already underway to bring the company’s cell production capacity to 1.5 gigawatts (GW) and module production to 2 GW by the end of this year. Once the new module factory is complete in South Korea, Hanwha SolarOne’s total module production capacity will reach 2.23 GW.
About Hanwha SolarOne
Hanwha SolarOne Co., Ltd. (NASDAQ:HSOL) is one of the top 10 photovoltaic module manufacturers in the world, providing cost-competitive, high quality PV modules. It is a flagship company of Hanwha Group, one of the largest business enterprises in South Korea. Hanwha SolarOne serves the utility, commercial, government and residential markets through a growing network of third-party distributors, OEM manufacturers and system integrators. The company maintains a strong presence worldwide, with a global business network spanning Europe, North America, Asia, South America, Africa and the Middle East. As a responsible company committed to sustainability, Hanwha SolarOne is an active member of the PV Cycle take-back and recycling program. For more information, please visit www.hanwha-solarone.com.