Taiwan PV suppliers hit by looming US anti-dumping decision

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Major Taiwanese PV suppliers such as Motech Industries, Neo Solar Power, Gintech Energy and Green Energy Technology all experienced revenue declines in June 2014 due to pending preliminary decisions on possible anti-dumping duties.

The majority of Taiwan-based suppliers had seen significant revenue growth for around 12 months with many achieving record revenue levels as module manufacturer’s increase outsourcing as well as Chinese producers using Taiwan cells to avoid existing anti-dumping and countrevailing duties in the US.

But major integrated module manufacturer, Motech Industries, reported June 2014 revenue of NT$1,504 million, down 17.4% compared to the previous month when revenue reached NT$1,821 million. The revenue decline was the second sequentially. Motech Industries revenue peaked at NT$2,240 in August 2013.

Meanwhile, major merchant solar cell producer, Neo Solar Power (NSP) reported June revenue of NT$2,208 million, down 15.82% compared to the previous month.

NSP noted that second quarter revenue was still 1.51% higher than the previous quarter, while cumulative 2014 revenue had reached NT$14,664 million, an increase of 119.91% year-on-year.

The company acknowledged in a statement that the decline in revenue was due to the pending anti-dumping decision in the US, as customers slowed placing orders. NSP noted that it expected market demand to “gain momentum once the preliminary ruling result of anti-dumping duty is released on July 24th”.

Rival solar cell producer, Gintech Energy reported June revenue down 46.2% to NT$917 million, compared with the previous month when revenue reached NT$1,705 million, the second highest month in recent years.

Wafer producer, Green Energy Technology (GET) posted June 2014 revenue of NT$1,101 million down only 6.9% from the previous month. Revenue was up 5.9% on a year-on-year basis.

A decline in revenue from the major players was expected. 

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