Solartech sales continue slump in September

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With sales down over 50% from the prior year period, Solartech production utilisation rates would have also declined significantly.

Merchant solar cell producer Solartech Energy Corp has reported further revenue declines in September, 2016.

Solartech reported September sales of NT$ 449 million (US$14.3 million), down 22.84% from the previous month and down 52.81% on a year-on-year basis, marking continued demand weakness and ASP declines experienced in the third quarter of 2016.

With sales down over 50% from the prior year period, Solartech production utilisation rates would have also declined significantly. 

Recently, PV Tech reported that Malaysia-based solar cell producer TS Solartech has made around 100 night shift workers redundant, according to local news reports. TS Solartech operates as a quasi joint venture with Taiwan-based solar cell producer Solartech Energy.

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