Solar: it’s about time
solar/photovoltaic newsletter. Contact system for solar applications. • expanded its US headquarters in Min-
me at jon@custerconsulting.com if you are AIXTRON received an order for a Close neapolis, Minnesota.
interested. Coupled Showerhead (CCS) MOCVD • realigned corporate business to focus
reactor for advanced photovoltaics research on solar, carbon fiber and thermal
Process equipment from Ohio State University. tech.
3S Swiss Solar Systems delivered a semi- Billco introduced its laminating assembly • GT Solar:
automatic production line to Eurener line for solar module manufacturing. • appointed Jacobs Engineering Group
Energia Solar. BTU International expects solar market to chairman Noel G. Watson to board of
ALGOSCAN acquired Jenoptik Surface dominate future equipment sales. directors.
Inspection Munich: plans to target thin Bürkle opened a new innovation center in • signed US $8.8 million contract to sup-
film solar market. Freudenstadt, Germany. ply its DSS450 furnace to Nexolon.
Applied Materials Bystronic glass and Jenoptik formed coop- • named Hoil Kim to its general counsel.
• began construction on its US $45 eration for developing new thermal laser Hirano Tecseed tripled its production ca-
million thin-film and crystalline silicon separation machine for manufacturing thin pacity for its vacuum deposition machines
integration R&D center in Xi’an, film solar modules. used for CIGS solar cells.
China. Chi Mei Optoelectronics diversified into Jemco (Mitsubishi Materials subsidiary)
• CTO Dr. Mark Pinto receives 2008 J.J. the thin-film solar-cell production through developed a silicon block with crystals are
Ebers Award. its subsidiary Contrel. aligned in the same direction, enabling so-
• CEO Mike Splinter expects overall Cimetrix appointed Jodi Juretich to CFO. lar cell production to use less silicon while
equipment spending to drop in 2009, DEK Solar appointed Zhang Jun to increasing energy conversion efficiency by
but upbeat about PV market. customer support engineer in China and 2-3%.
• announced 12% (1,800 jobs) workforce Jens Katschke to business development JPSA Laser:
reduction. manager in Western Europe. • developed proprietary laser scribing
ASP developed Fantom G6 laser scribing Despatch Industries: technique for silicon solar cells.
20081110 20081116
GT Solar International, Inc. JA Solar Holdings Co. Ltd.
Revenue, Net Income & Inventory Revenue, Net Income & Inventory
$ Millions RMB (Millions)
250.0 2500
"Our significant and healthy backlog - much of which is "Looking ahead, we expect that our tolling
+149%
supported by cash deposits and letters of credit - is business, which carries with it a lower ASP,
200.0
evidence of the solid demand for GT Solar DSS furnaces
2000
will represent an increasing portion of our
revenue in the coming quarters." 11/12/08
1.3-1.5
and polysilicon reactors." 11/6/08
11/12/08
150.0 1500
100.0 1000
50.0 500
0.0 0
190-200
11/6/08
-50.0 -500
2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
07 08 06 07 08
Revenue 15.4 81.8 57.1 140.2 195.0 Revenue 3 96 248 349 335 457 850 1052 1122 1237 2121 1400
Income -5.0 17.1 5.1 27.9 Income -2 18 4 67 58 76 166 98 154 319 -143
Inventory 37.5 63.9 88.0 Inventory 106 155 199 161 185 157 147 158 359
CY SOLR CY
JASO
Chart 11. Chart 12.
20081209 20081122
Solarfun Power Holdings Co. Ltd. Suntech Power Holdings Co. Ltd.
Revenue, Net Income & Inventory Revenue, Net Income & Inventory
RMB (Millions) $ Millions
1400
"We believe that the rapidly declining costs for polysilicon,
700
+69 "The rapid weakening of the Euro relative to the USD
1200
combined with our low-cost manufacturing base, over the past two months combined with the unstable
+54%
increasingly vertically integrated production process,
600 credit markets has created a challenging environment in
1000
customer loyalty and financial stability, will allow us to the fourth quarter of 2008. This has resulted in a faster
weather this environment and emerge as a stronger and 500 than expected sequential decline in sales prices and the
800
viable long term player." 12/2/08 deferment of some customer orders, which will 345-360
400
significantly impact our profitability in the fourth 11/20/08
600
quarter of 2008." 11/20/08
300
400
200
200
0
100
-200 0
4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
05 06 07 08 04 05 06 07 08
Revenue 80 102 101 183 245 191 463 754 988 1199 1352 1275 Revenue 38 38 42 57 89 90 128 163 218 247 317 387 398 435 480 594 353
Income 10 33 16 21 30 -3 20 64 66 105 78 -44 Income 11 10 1 8 10 19 27 29 31 26 41 53 51 56 65 56
Inventory 222 373 483 411 523 728 781 823 752 Inventory 17 39 40 62 73 134 201 191 198 164 176 178 183 248
CY SOLF CY
STP
Chart 13. Chart 14.
www.globalsolartechnology.com Global Solar Technology – November/December 2008 – 15
issue_2.1.indd 15 2/22/09 9:39:55 PM
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