The largest merchant solar cell producer, Neo Solar Power Corporation (NSP) experienced its third consecutive decline in monthly sales due to the impact of the US anti-dumping case.
NSP reported sales of NT$ 1,871 million (US$62.3 million), a sequential decline of 8.83%. Sales reach a record peak of NT$2,624 million (US$87.5 million) in May, 2014.
However, the company noted that the subsequent lowering of US duties and NSP’s tax rate was expected to limit further sales declines, coupled to the expected seasonal increase in sales to Europe and Japan in the second half of the year.
Tempering thoughts of a rebound in sales, NSP noted that the US anti-dumping ruling had impacted solar cell ASPs and cautioned that prices were not expected to “rebound immediately.”
NSP guided that solar cell shipments were expected to increase gradually and reiterated that it would endeavour to further diversify its customer and geographical mix, while still evaluating the feasibility of establishing overseas manufacturing operations to circumvent US and any potential duties from other key regions.