According to reports, LG Electronics is planning to spend around US$145 million on expanding its capacity for its N-type monocrystalline cells and modules.
The company was said to have announced the plans in financial filings to the Korean stock exchange.
The reports say that the capital expenditure plans would be undertaken by the end of July, 2015. No details regarding capacity expansion figures were provided in the reports.
US anti-dumping duties have already pushed Korean-owned Hanwha SolarOne to establish its first 200MW production plant in Korea to supply non-Chinese produced cells/module to the US market, avoiding duties on its products made at its main manufacturing plant in China.
According to an exclusive interview with PV Tech, Applied Materials is focusing its attention on N-type mono bifacial solar cells and highlighted that Korean and Taiwanese producers were increasing future production on the higher efficiency cells/modules.