Late last year Korea’s Hanwha Chemical said it would merge its two main PV businesses – China-based SolarOne and Germany-based Q Cells – into a single company.
In its first quarter as a combined entity, the Seoul-based company reported significantly higher shipments and revenue compared to the stand-alone SolarOne, and an improved gross margin.
If not for a “one-time” restructuring charge of $22.1m,
