PVTIME – On April 28, Qingdao Gaoce Technology Co., Ltd.(688556.SH)(hereinafter referred to as Gaoce Technology), a company specialized in R&D, production and sales of cutting equipment for hard and brittle materials and cutting tools, reached an agreement with the Management Committee of Jianhu High-tech Industrial Development Zone, Jiangsu Province, China, on the second phase of 12GW photovoltaic large silicon wafer project.
The company plans to invest in this large silicon wafer project with an estimated investment of about 631 million yuan. The construction period is expected to be within 12 months, involving purchasing of production equipment such as diamond wire slic ers and wafer cleaning machines, as well as installing and debugging of the supporting facilities.
The project is scheduled to start production in 2023 and will not impact on the company’s 2022 annual performance. Gaoce stated that the company would like to take this opportunity to give full play to the company’s technical advantages and synergistic advantages in photovoltaic cutting equipment, cutting consumables and cutting processes, further enhance its competitiveness in PV industry.
(hereinafter referred to as Gaoce Technology), a company specialized in R&D, production and sales of cutting equipment for hard and brittle…){kind=link}