Trina Solar to build Thailand plant

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Trina Solar has announced its intention to construct a 700 MW cell and 500 MW module production facility in Thailand. Trina will invest US$160m on the factory building and tooling, with production at the site set to commence in late 2015 or early 2016.

The trend of Chinese cell and module manufacturers adding capacity in Southeast Asia continues to gain momentum, with Trina the latest to announce a new facility. Trina will establish the subsidiary Trina Solar Science and Technology in Thailand for its new operations.

“Thailand is an ideal location for us to build a new manufacturing base due to its proximity to key emerging markets in the Asia Pacific region as well as its favorable investment environment in terms of land acquisition and labor costs,” said Zhiguo Zhu, COO and president of module business unit of Trina Solar. “We believe diversifying our global manufacturing capacity will allow us to better leverage resources more cost effectively, enhance our competitiveness in overseas markets and enable us to increase our global market share.”

Major drivers behind the Chinese manufacturers move into Southeast Asia are the trade barriers currently affecting their exports to both the EU and U.S.

“Thailand is also a particularly attractive PV market given its sunny environment, long-term PV subsidies, and favorable government policies towards the solar sector,” said Zhiguo Zhu.

Thailand’s PV market has shown positive momentum of late, despite the political turmoil that has plagued the country. BNEF figures show that Thailand saw annual installations grow from around 450 MW in 2013 to a predicted 600 MW in 2015.

In the region Malaysia has become a major PV manufacturing hub for manufacturers including First Solar, Hanwha Q Cells and JinkoSolar. In Malaysia manufacturers can avail themselves of a 10-year tax holiday making it an additionally attractive location.

There is, however, growing sentiment that manufacturers operating in Malaysia may end up becoming embroiled in similar trade disputes to those that have affected Chinese and Taiwanese solar cell and module exports. There have been informal reports that rival manufacturers, such as SolarWorld, have begun investigations as to the validity of anti-dumping and other similar claims could be raised in international trade bodies as a result of the Malaysian subsidies.

Trina expects its Thailand production site to begin turning out cells and modules towards the end of this year or early next.

 

Source : PV Magazine | May 6, 2015

Thomas D’Innocenzi

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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