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Taiwanese solar cell factory Taiji Energy completed a cash capital increase, raising NT$693 million, which will be used to invest in a new production line
in Vietnam.
When the production line is fully completed, Taiji's global production capacity will reach 1GW.
At present, Taiji's battery production capacity includes: 300MW in Taiwan, 280MW in Kunshan, China, and 400MW in Vietnam, for a total of 980MW.
Through this capital increase, Taiji will add another 200MW of production capacity in Vietnam, which is expected to be in place in the fourth quarter of 2016, and the global production capacity will also exceed 1GW.
In the first quarter of this year, Taiji's after-tax surplus was NT$187 million, 6.
99 times that of
NT$26.
74 million in the same period last year.
Earnings after tax per share were NT$0.
59
.
Taiji said that although the price of batteries in April is lower than that in March, due to the increase in shipments from the Vietnam plant in April and the price is higher than that of Taiwan and Chinese mainland plants, the revenue should be able to maintain a certain level
.
Taiwanese solar cell factory Taiji Energy completed a cash capital increase, raising NT$693 million, which will be used to invest in a new production line
in Vietnam.
When the production line is fully completed, Taiji's global production capacity will reach 1GW.
At present, Taiji's battery production capacity includes: 300MW in Taiwan, 280MW in Kunshan, China, and 400MW in Vietnam, for a total of 980MW.
Through this capital increase, Taiji will add another 200MW of production capacity in Vietnam, which is expected to be in place in the fourth quarter of 2016, and the global production capacity will also exceed 1GW.
In the first quarter of this year, Taiji's after-tax surplus was NT$187 million, 6.
99 times that of
NT$26.
74 million in the same period last year.
Earnings after tax per share were NT$0.
59
.
Taiji said that although the price of batteries in April is lower than that in March, due to the increase in shipments from the Vietnam plant in April and the price is higher than that of Taiwan and Chinese mainland plants, the revenue should be able to maintain a certain level
.
