Taiwan-based PV manufacturer, Motech Industries reported a further drop in revenue for the month of August having been hit hardest by the impact of the US anti-dumping ruling.
Motech reported August sales of NT$1,116 million (US$37.2 million), down 6.6% from the previous month but down 50.15% on a year-on-year basis.
Sales have declined five months consecutively and are approaching levels not seen since January 2013 when the PV industry remained in overcapacity and loss making.
Motech’s preliminary US anti-dumping duties were set at 44.18% but were later reduced to 20.86% on August 18, due to clerical errors at the U.S. Department of Commerce.
Major Taiwanese PV suppliers such as Motech, Neo Solar Power, Gintech Energy and Green Energy Technology have all experienced revenue declines since June 2014 due then to the pending preliminary US anti-dumping duties.
Motech is the only Taiwanese PV manufacturer with a small module assembly operation in the US.