EGing PV to Invest in 4-inch Sapphire Ingot

Chinese PV manufacturer EGing Photovoltaic Technology (EGing PV) recently announced subsidiary Changzhou EGing PV’s sapphire ingot growth technology has matured.

The company is planning to invest RMB 132.73 million (US $21.38 million) to annually manufacture 750K millimeter (mm) 4-inch sapphire ingots. After the project is established, the company estimates earnings rate before tax will reach 30.44 percent, and Return on Investment (ROI) will be 3.78 years post tax.

Under the project, 50 sapphire growth furnaces and related equipment will be installed at the plant. Calculations based on 100 kilogram raw material, the company would be able to manufacture 750 sapphire ingots, which would roughly equivalent to almost 750K mm of 4-inch sapphire ingots. Additionally, the company will be manufacturing 370K mm 2-inch sapphire ingots.

According to a Chinese-language Hexun report, the recent investment project will benefit the company to expand its business. The company is strengthening capabilities in coping with risks, and quickly expanding company development, which fits EGing PV’s development strategy, and will have little impact on the company’s finances and business management.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Seoul Semiconductor's future vehicle display LED technology unveiled at SID (Graphic: Seoul Semiconductor) SEOUL, South Korea--(BUSINESS WIRE)--Seoul Semiconductor (KOSDAQ:046890), a global optical semiconductor company, will participate i... READ MORE

ALIYOS™ technology pushes boundaries of multi-segmented area lighting and enables customization of light emission patterns Characteristics such as transparency, thinness, 2.5D bendability and freedom to create new lighting effects enable... READ MORE