PVTIME – Jiangsu Simba New Material Technology Co., Ltd.(Simba, 873609.NEEQ), a high-tech company specialising in the production of solar photovoltaic materials, recently announced that it will set up a deep processing project of photovoltaic glass for double-sided modules with an annual capacity of 22.8 million square metres in the economic development zone in Jiangzu Province, China.
The total investment of this particular project is not expected to exceed 1 billion yuan (US$139.4 million), of which 700 million yuan (US$97.58 million) will be invested in fixed assets, and the funds will be provided by Simba’s own resources or self-financing.
Simba stated that the new investment and project will have a positive impact on its production scale expansion and overall profitability.
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