SHANGHAI, May 15, 2014 /PRNewswire/ -- The Heraeus Photovoltaics Business Unit, a worldwide leading supplier of metallization pastes for solar cells, has decided to begin manufacturing front-side metallization paste in China. This move will complement the local sales, technical staff and back-side paste production that currently exist in China.
"China represents the most critical market for the success of the PV Industry. It is projected that about 25% of worldwide PV installations and over 60% of cell production will occur in China over the next three years," states Andreas Liebheit, Global Manager of the Heraeus Photovoltaics Business Unit. "Heraeus has made an important decision to increase our dedication to this market by expanding our production capability in China to produce front-side metallization pastes. This decision not only shows our enormous commitment to the market in China, it also allows Heraeus to increase our flexibility in meeting our Chinese partners' specific demands on our products. We can significantly reduce delivery times down to two days after the receipt of a purchase order. We will also increase our local technical staff to provide our partners with better access to our technical expertise."
Notably, Heraeus is the pioneer among all large volume metallization paste suppliers by entering China with local front-side production. To discuss Heraeus' plans for local manufacturing in China, please join the Heraeus PV team at our booth celebration on Tuesday, May 20th from 3:30pm – 5:30pm at this year's SNEC 8th (2014) International Photovoltaic Power Generation Conference & Exhibition, in Shanghai China at Hall: W3 Booth: 560. To learn more about Heraeus' products and services for the photovoltaic industry, go to www.pvsilverpaste.com.
About the Heraeus Photovoltaics Business Unit
The Heraeus Photovoltaics Business Unit is an industry leading developer and manufacturer of silver metallization pastes for the photovoltaic industry. For over 40 years, Heraeus has built a reputation of innovation, extensive research and new product development in thick film technologies for some of the most prominent companies within a variety of industries. In the field of photovoltaics, the Heraeus Photovoltaics Business Unit applies this history and its innovative technology to offer metallization pastes for solar cell applications. The Heraeus SOL Series of silver pastes is specially formulated to provide higher efficiencies and wider processing windows, resulting in better yields and higher output for cell manufacturers.
The Hanau-based precious metal and technology group Heraeus is a globally active family-run enterprise with a history of more than 160 years. We provide high-end solutions to our customers to lastingly strengthen their competitive position. Our areas of competence include precious metals, materials and technologies, sensors, biomaterials and medical devices, quartz glass and specialty light sources. In the financial year 2013, Heraeus achieved revenues from the sales of products of €3.6 billion, while the revenues from precious metal trading were €13.5 billion. With about 12,500 employees in more than 110 companies world-wide, Heraeus is in a leading position on its global sales markets.
SOURCE Heraeus Photovoltaics