Germany headquartered Hanwha Q CELLS has revealed plans to expand production capacity to over 1.5GW by the end of the year.
The company said it hoped to boost capacity of around 1.1GW through a combination of a new production line and efficiency measures at existing plants.
In Malaysia, the company said it was close to completing its new 204MW production line, which would take operational capacity in its main Cyberjaya manufacturing plant to 1.1GW.
Meanwhile, Hanwha Q CELLS said it was also looking to implement ‘manufacturing excellence initiatives’ to increase throughput at both its Malaysian and smaller German plants, boosting their productivity by 200MW and 30MW respectively.
The proposed capacity increases come off the back of a buoyant first half of 2014 for Q CELLS, which said it had seen shipments of 593MW, up 68% on the same period last year.
“Hanwha Q CELLS is further expanding its strong position in the international PV markets. Against the background of rising global demand for our high quality PV products and solutions we will further increase our international production capacities,” said chief executive Charles Kim.
With its European and Malaysian provenance, Hanwha Q QELLS has been tipped to be one of the beneficiaries should stiff preliminary anti-dumping and anti-subsidy duties imposed by the US on Chinese and Taiwanese solar imports be confirmed later this year.
However, even the capacity expansions announced are unlikely to be enough to allow Hanwha Q CELLS to fully capitalise on a large uptick in demand from the US should that come.
Nonetheless, the company’s latest expansion plans represent a reversal in fortunes for the Q CELLS brand, which was rescued when the South Korean Hanwha Group bought the insolvent German company in 2012.