Motech’s September 2016 sales down 22.6%

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Motech reported September 2016 sales of NT$1,373 million (US$43.4 million), down 22.6% from the previous month and down 45.9%, year-on-year.

Major Taiwanese PV manufacturer Motech Industries has reported its sixth consecutive monthly decline in sales. 

Motech reported September 2016 sales of NT$1,373 million (US$43.4 million), down 22.6% from the previous month and down 45.9%, year-on-year.

Taiwan-based solar cell and wafer producers are being impacted by a major slowdown in PV project development in China that has driven a rapidly developing period of overcapacity, resulting in steep ASP declines hitting monthly revenue figures.

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