Trade.Information

Canadian Solar Officially Opens Cell Manufacturing Facility

Canadian Solar Inc. (CSI) celebrated the grand opening of its subsidiary, CSI Cells Co., Ltd. in Suzhou, China on Sunday. The first phase of CSI Cell's new facility, with an area of about 10,000 sq meters, has an annual capacity of 25 MW, and is expected to be ramped up to 100 MW by the middle of Q4 of 2007.

''The manufacturing of cells is another step in CSI's move towards vertical integration, and the timing of the new cell line is perfect as we face increased demand for CSI's modules,'' said Dr. Shawn Qu, the CEO of CSI. ''The new cell facility will further strengthen CSI's competitive edge in the current consolidation of solar industry.''

''It took just 6 months from the ground breaking to the production of first batch of cells. This in itself exemplifies CSI's ability to execute its strategy to become a top 10 solar player in the world,'' said Dr. Shawn Qu.

The celebration was attended by Mr. Qinghua Han, Provincial Minister of Economy and Trade, Li Yan, Mayor of Suzhou and other dignitaries, including CSI's suppliers, customers and financing partners.

Release link: http://www.csisolar.com