China-based material supplier Apollo Solar Energy is aggressively expanding and improving its production of 5N ultra-high-purity tellurium to meet expected growing demand from CdTe/CIGS thin-film manufacturers. Tellurium production capacity is set to increase 50%, which is expected to support sales worth US$27 million annually.
“Our manufacturing facility and technology have been consistently ranked among the most advanced and efficient in the industry in China,” noted Renyi Hou, CEO of Apollo Solar Energy. “Now we are planning to scale up our world-class technology to meet the fast increasing demands for Te. With this aggressive build-out plan, we believe we will be well-positioned to provide new and existing customers with the fastest option available to get advanced products to market in the volumes they need to ensure success.”
The company plans to acquire additional manufacturing equipment, including sophisticated analysis technology, and hire skilled technicians and support staff.
Apollo’s production capacity by 50% and will support projected annual sales of 5N ultra-high-purity tellurium of approximately 180 million RMB (US$27 million), based on the current market price of 5N high-purity Te products.