TAIWAN ROUND-UP: Materials suppliers benefiting from increased demand in September

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PV metallisation paste producer GigaSolar Materials Corp reported a strong jump in sales in September.

Taiwan-based materials suppliers are benefiting from increased demand for diamond wire cut wafers for higher efficiency solar cells that is supporting higher prices in recent months. 

Although profitability for many remains elusive sales have rebounded in September.

Sino-American Silicon

Major integrated PV manufacturer Sino-American Silicon (SAS) revenue reached a new peak in September 2017, driven by demand for semiconductor polysilicon and demand for wafers, cells and modules in the solar sector. 

SAS revenue in September 2017 reached NT$5,663 million (US$187.29 million), up NT$5,180 million in the previous month and was a new record high.

Unaudited third quarter revenue was over NT$15,770 million (US$522 million), compared to NT$14,014 million in the second quarter of 2017.

SAS revenue in September 2017 reached NT$5,663 million (US$187.29 million), up NT$5,180 million in the previous month and was a new record high.

Green Energy Technology

Multicrystalline wafer producer Green Energy Technology (GET) sales continued to trend moderately upwards since the beginning of 2017.

GET reported September 2017 revenue of NT$1,137 million (US$37.6 million), an increase of 1.7% over the previous month and a 59% increase over the prior year period.

GET noted that the revenue increase was primarily due to wafer ASP’s increasing as demand for diamond-wired wafers continued to gain momentum for high-efficiency cells. The company has also expanded its PV module product range via its subsidiary Gintung.

Unaudited third quarter revenue was around NT$ 3,175 million (US$105 million), compared to NT$ 2,580 million in the previous quarter.

GET reported September 2017 revenue of NT$1,137 million (US$37.6 million), an increase of 1.7% over the previous month.

Danen Technology Corp

Multicrystalline wafer producer Danen Technology Corp’s sales have been in recovery mode since a distinct decline in April, 2017. 

Danen reported September 2017 sales of NT$ 86.52 million (US$2.86 million) up from NT$ 75.47 million in the previous month. 

Unaudited third quarter revenue was around NT$ 234.1 million (US$7.74 million), compared to NT$ 154.9 million in the second quarter of 2017. The company noted price increases on the back of polysilicon price increases for the improvement in sales. 

Danen reported September 2017 sales of NT$ 86.52 million (US$2.86 million) up from NT$ 75.47 million in the previous month.

Giga Solar Materials Corp

PV metallisation paste producer GigaSolar Materials Corp reported a strong jump in sales in September, which was a new high for the year. 

GigaSolar reported revenue of NT$ 1,002 million (US$33.14 million), compared to NT$ 765 million in the previous month. Increased sales by Taiwanese cell producers contributed to the strong rise as well as sales overseas. 

Unaudited third quarter revenue was around NT$2,552 million (US$84.4 million), compared to NT$2,269 million in the second quarter of 2017.

GigaSolar Materials Corp reported a strong jump in sales in September, which was a new high for the year.

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