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Dongyang Creditech Co. Ltd. from South Korea has placed an order for a
turnkey photovoltaic module assembly line with Spire Corporation. Spire
will provide Dongyang with a semi-automated crystalline cell module
manufacturing line capable of producing up to 12MW. Dongyang will also
use Spire’s process technology and training services to operate the
factory.
Mr. Dongkyu Choi, Chairman and CEO of Dongyang Creditech said, “We are
pleased to have awarded this contract to Spire Corporation. We were
attracted to their superior equipment and line design, as well as their
engineering and support services. We are confident that we will have a
factory that will meet our solar manufacturing needs from start up,
through future expansions.”
South Korean exports of solar
power-related equipment were valued at $45 million in 2006, according
to the South Korean Ministry of Commerce, Industry and Energy. This is
projected to grow to over $180 million in 2007 and reach $1.5 billion
by 2020 and $6.3 billion by 2030.
Spire said that the new line could be doubled at a later date.
