Taiwan-based merchant solar cell producer Motech Industries has reported September sales 11% higher than in the previous month and a new recent record.
Motech reported record September sales of NT$2,539 million (US$78.2 million), compared to sales of NT$2,272 million (US$69.7 million) in August. Sales are 8.65% higher year-on-year.
Motech’s sales for the first nine months of the year total NT$16,423 million (US$506.1 million, 57% up on the prior year period.
Motech recently acquired rival solar cell producer, Topcell, resulting in its nameplate solar cell capacity topping 3GW, making it the largest global merchant cell producer.
Motech had also recently announced that it was also investing in its China-based manufacturing subsidiary Motech (Suzhou) Renewable Energy at a cost of RMB211 million (US$33 million) to expand capacity and improve its economies of scale at the facility.