Giga Solar Materials, a Taiwanese specialist in the development of conductive paste for solar cells, is reportedly planning to increase output at its photovoltaic conductive paste plant in the Southern Taiwan Science Park in order to meet demand from PV equipment manufacturers.
According to industry executives reported by Taiwan Economic News, the company has become the first Taiwanese PV manufacturer to boost production during “this round of business cycle upturn”. The company currently holds the monopoly in the Taiwanese conductive paste market with a 90% share.
The price of Giga Solar Materials’ front-side paste, back-side paste and aluminum paste are said to be 20% lower than those offered by its competitors, which has led to an increase in demand for its products. The company has also ventured into the Chinese and Japanese solar market, which is also driving demand.
The company’s fourth quarter earnings in 2012 are expected to jump significantly. In October its revenues rose by 38% compared with the corresponding month the previous year.