Huitian New Materials: Plans to invest RMB 36 million to expand photovoltaic organic silicone production capacity by 44,000 tons

On November 24, Huitian New Materials announced that the company plans to invest approximately 36 million yuan to build a new fully automatic screw production line and increase the production capacity of photovoltaic single-component silicone sealants by approximately 44,000 tons/year. , the project is expected to be completed and put into production by the end of June 2024.

According to the announcement, according to the forecast of the China Photovoltaic Industry Association, from 2023 to 2030, the average annual new domestic photovoltaic installed capacity will reach more than 90GW, and the global average annual new installed capacity will be more than 250GW. Photovoltaic sealant is one of the important auxiliary materials in the photovoltaic industry, and the market demand is also growing. As a leading domestic photovoltaic adhesive enterprise, the company has an existing photovoltaic single-component silicone sealant production capacity of approximately 140,000 tons/year. Based on the photovoltaic market trends and production capacity upgrade demand forecasts in the next two years, in order to ensure future supply needs and further increase market share In order to consolidate its dominant position in the industry, it decided to invest in a new photovoltaic silicone production line and increase the production capacity of photovoltaic single-component silicone sealant by approximately 44,000 tons/year.

Huitian New Materials said that in the long run, the release of new production capacity will help further optimize the company’s product structure and production capacity layout, enhance the company’s scale advantage, consolidate the company’s industry position, and increase the company’s market share and profitability.