Swiss-based PV equipment supplier, Komax has signed a cooperation agreement with Yingkou Jinchen that will see Komax acquire a majority stake (51%) in newly formed Komax Jinchen. The move by Komax is to penetrate the Chinese market and add more laminators to its product range.
Yingkou Jinchen was formed in 1994 and is a supplier of lamination equipment and automated production lines. The new company was said to employ around 100 people at its production site in Yingkou City ,Liaoning Province, China.
Yingkou Jinchen has supplied module production lines to Canadian Solar, Jiangyin Hareon Solar and Jiangsu SAINTY International Group in the last 12-months.