DuPont cites pricing pressure on silver metallisation paste

Facebook
Twitter
LinkedIn
Reddit
Email
DuPont reported operating earnings of US$87 million in the fourth quarter for its Electronics & Communications segment, a 5% decrease from the prior quarter due to competitive pressures with silver metallisation paste for the PV industry.

Major PV materials provider DuPont highlighted in its fourth quarter 2015 earnings call that pricing pressure on its ‘Solamet’ silver metallisation paste products had impacted revenue in its Electronics & Communications business segment. 

DuPont reported operating earnings of US$87 million in the fourth quarter for its Electronics & Communications segment, a 5% decrease from the prior quarter due to competitive pressures with silver metallisation paste for the PV industry.

The decline was said to have been partially offset by cost reductions and continued productivity improvements, while excluding the impact of currency exchange issues, operating earnings would have decreased by about 10%, according to the company.

However, management noted in the earnings call that recent product introductions and others in the pipeline in mid-2016, were expected to support a turnaround in Solamet sales and competitive position. 

Nick Fanandakis, CFO at DuPont said in the earnings call: “It is a business that the competition has gotten more intense but it’s still a business that relies a lot on innovation and development of new products. We issued one in December that kind of levelled the playing field; we’re starting to see the impact of that, and we have one scheduled for the second half of the year that we believe is going to give us a leg up again from a competitive standpoint.” 

Read Next

PV Tech Premium
August 8, 2022
The price of polysilicon in China rose across the board last week, despite signals that it may have stabilised, constituting the 25th round of price increases this year alone.
July 27, 2022
Solar wafer and cell prices have risen once again this week, with the price of polysilicon continuing to climb unabated.
July 19, 2022
GAF Energy has committed to building a new solar shingle factory in Georgetown, Texas that will see its annual capacity rise to 300MW.
July 7, 2022
Researchers at EPFL’s Photovoltaics and Thin Film Electronics Laboratory and CSEM’s Sustainable Energy Centre have claimed an efficiency of over 30% for perovskite-on-silicon-tandem solar cells, establishing “two world records”.
July 5, 2022
Indian energy giant Tata Power has signed a Memorandum of Understanding (MoU) with the Indian state government of Tamil Nadu to invest roughly INR3,000 crores (US$380 million) in setting up a 4GW cell and 4GW module factory in the state.
July 4, 2022
Tongwei has become the latest upstream solar manufacturer to increase prices as the cost of raw materials continues to spiral.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event