Suntech also announced a joint venture with Wuxi Industrial Development Group and Wuxi New District E&D Group to operate a new PV cell factory. Suntech will contribute $60m and own 40% of the facility.
Suntech promises bright 2011, but investors fear effects of euro exchange rate
Suntech predicts its shipments will grow by nearly 50% next year and its gross margin will rebound from recent lows.. The world's largest module maker expects to ship 2.2GW of solar products next year - up from 1.5GW in 2010 and 704MW in 2009. And it predicts that its gross margin, which fell to 16.4% in the third quarter, will bounce back to 20-22%.
9 December 2010 23:00 GMT
Updated
25 November 2012 15:16 GMT
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