Trina Solar invests in Vietnam's largest solar PV cell plant
On 6 January 2017, Trina Solar officially opened a solar photovoltaic (PV) cell plant in Van Trung Industrial Park, Pac Giang Province, Vietnam. With its annual production capacity of 1GW, it becomes Vietnam's largest solar photovoltaic cell manufacturing site. With a total investment of US$ 100 million and an area of approximately 42,000 square metres, Trina Solar Technology (Vietnam) Co., Ltd. is equipped with 14 of the most advanced cell production lines in the world, producing a variety of mono- and multi-crystalline cells to fulfill the US and European market demand. Construction of the new plant started from May 2016. After just six and a half months, at the end of November, the initial production capacity of 700MW was achieved "“ a new industry record. This factory created nearly 1,000 local jobs. For Trina Solar, the project is another key development in Southeast Asia after the completion of the manufacturing facilities in Malaysia and Thailand.
Jifan Gao, Trina Solar Chairman and Chief Executive Officer, said: "The Vietnam project fully embodies Trina Solar's spirit of striving for success and our entrepreneurial mentality. It took only a few months to build a barren grassland into a clean and orderly plant and reach full production capability.
Our production of solar modules in Vietnam will serve the Vietnamese and ASEAN markets, as well as the US and European markets. While Trina Solar's business keeps growing, the need for overseas investment and globalization of our manufacturing footprint increases at the same time.
Trina Solar's new project in Vietnam is not only the success of our manufacturing manufacturing globalization, but also for the introduction of advanced manufacturing technology to Vietnam, creating nearly 1,000 jobs locally. As an important member of the ASEAN Community, Vietnam has rapid economic growth, and actively participates in China's 'One Belt, One Road' strategy implementation. With a successful start and win-win corporation between China and Vietnam, we are confident and looking forward to the future of Trina Solar's cell factory in Vietnam."
Yang Yongzhi, general manager of Vinasolar, the local joint venture partner, said, "Our partnership with Trina Solar is not only in module manufacturing, but also at the investment level of cell manufacturing. The excellent corporate culture of both companies ensures that the project has been realized in the shortest possible time, from construction to full production. This is a great encouragement to all PV companies developing in Vietnam. With a great partner like Trina Solar, we are very confident to create better results in Vietnam."
In recent years, Trina Solar follows China's national "One Belt, One Road" strategy, being market-oriented and accelerating overseas expansion. In 2012, Trina Solar established its regional headquarters of Asia Pacific, Middle East and Africa in Singapore. In 2015, the company started to cooperate with Malaysian factories to expand overseas production capacity; in March 2016, the Thailand plant with a total investment of US$ 160 million was put into operation; in January 2017, the company announced the opening of its cell factory in Vietnam.
