North Coast Solar Stocks

June 30, 2009

Trina Solar’s Glass Supplier to Invest in Changzhou Trina PV Industrial Park

Filed under: TSL — Tags: , , , , — Jason @ 8:00 am

Tuesday June 30, 2009, 8:00 am EDT

CHANGZHOU, China, June 30 /PRNewswire-Asia-FirstCall/ — Trina Solar Limited (TSL; “Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that one of the Company’s key solar module glass suppliers, Beijing Hua Mei Dazheng Technology Co. Ltd (“Beijing Hua Mei”), has signed an investment agreement to establish a production facility in the Changzhou Trina Photovoltaic Industrial Park. The agreement was signed with the Changzhou National High Tech District to build a production facility adjacent to Trina Solar’s manufacturing campus. Construction of the facility is planned to start in the second half of 2009, with production expected to begin in the first half of 2010.

Beijing Hua Mei is one of the first PV glass companies to be established in China and has supplied Trina Solar since 2007. Trina Solar has entered into a long term agreement to purchase solar module glass produced by the new Changzhou production facility.

“We are excited by the ongoing developments of the Changzhou Trina PV Industrial Park and the opportunity to continue forming a strong partnership with Beijing Hua Mei,” said Jifan Gao, Trina Solar’s Chairman and CEO.

“Adding this key component supplier to the PV Park will support our goals to realize procurement and logistical advantages to accelerate our near term cost reduction initiatives. We are pleased that this important supplier has chosen to locate adjacent to the Trina Solar campus, and we believe this shows that Changzhou is fast becoming a hub for China’s solar PV industry.”

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