Heraeus Photovoltaics Boosts Investment in China to Increase Production
Ahead of the expected rise in demand, Heraeus Photovoltaics, the world’s leading supplier of high-performance metallization conductive silver pastes for the photovoltaic (PV) industry, has boosted its investment in China in order to ramp up its production capacity.
October 21, 2021. By Manu Tayal
In line with this, the metallization pastes specialist has been developing a new site in Minhang, Shanghai, and is massively increasing its production capacities to meet the growing demand in the PV industry, which, according to experts, will increase in the coming years.
Moreover, the entire fleet of R&D facilities in the Shanghai innovation center will be moved into the new head office building.
In addition, the purchase of advanced experimental equipment and the introduction of sufficient high-level talents have been intended to expand the global R&D center’s capacity and enhance overall scientific research strength.
Once the new production site has been put into use, HPT’s annual silver paste manufacturing capacity will be up to 3,000 tons per year.
Commenting on the development, Wen Zhou, President of Heraeus Photovoltaics, said “Heraeus Photovoltaics is very confident in the future of the PV industry. Our new site will enable us to work even closer with our customers and will allow us to innovate faster.”
In a global context where countries are striving to achieve carbon neutrality, despite the outbreak of COVID-19 worldwide in recent years as well as a dramatic increase in poly-silicon pricing, global photovoltaics installed capacity hasn’t been significantly impacted but presents strong trends of continuing growth on an annual basis instead.
In accordance with the forecast from a well-known marketing consulting firm, global additional photovoltaics installed capacity could be reaching 167GW and 190GW in 2021 and 2022 respectively.
Moreover, market demand will continue to grow at high levels, with mid-long term estimated data against the period of consecutive fiscal years 2023 – 2025 up to 208GW, 229GW and 252GW each.
As a German family-owned business with a history of over 300 years, Heraeus Group provides a mix of diversified and cutting-edge products for a wide range of industries worldwide and meanwhile attaches great importance to China market.
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