Solarfun Announces 2010 Capacity Expansion
January 08 2010 - 1:54AM
PR Newswire (US)
SHANGHAI, Jan. 8 /PRNewswire-FirstCall/ -- Solarfun Power Holdings
Co., Ltd. ("Solarfun" or "the Company") (NASDAQ:SOLF), a vertically
integrated manufacturer of silicon ingots and photovoltaic cells
and modules in China, today announced a capacity expansion due to
anticipated demand. Solarfun will increase its PV module production
capacity from 550MW to 700MW by April 2010 and its PV cell
production capacity from 360MW to 480MW by July 2010. Peter Xie,
President of Solarfun, commented, "We have an optimistic view on
industry demand in 2010 and believe that it is critical to scale up
our manufacturing capacity to meet customer demand. We are
expecting to see strong demand from areas with increased subsidies
to solar projects such as China and the United States. We plan to
continue to reduce processing costs through increased production
scale and enhanced manufacturing efficiencies." This report on Form
6-K is hereby incorporated by reference into the Company's
Registration Statement on Form F-3 ( Registration No. 333-152005)
filed on July 14,2008. About Solarfun Solarfun Power Holdings Co.,
Ltd. manufactures ingots, PV cells and PV modules, and provides PV
module processing services to convert PV cells into PV modules.
Solarfun produces both monocrystalline and multicrystalline silicon
cells and modules. Solarfun sells its products both through
third-party distributors, OEM manufacturers and directly to system
integrators. Solarfun was founded in 2004 and its products have
been certified to meet TUV and UL safety and quality standards.
SOLF-G For further information, please contact: Solarfun Power
Holdings Co., Ltd. Paul Combs V.P. Strategic Planning 26F BM Tower
218 Wusong Road Shanghai, 200080 P. R. China Tel: 86-21-26022833 /
Mobile: 86 138 1612 2768 E-mail: Christensen Kathy Li Tel: +1 480
614 3036 E-mail: Roger Hu Tel: 852 2117 0861 E-mail: DATASOURCE:
Solarfun Power Holdings Co., Ltd. CONTACT: Paul Combs, V.P.
Strategic Planning of Solarfun Power Holdings Co., Ltd.,
86-21-26022833, mobile, 86 138 1612 2768, ; or Kathy Li,
+1-480-614-3036, , or Roger Hu, 852-2117-0861, , both of
Christensen, for Solarfun Power Holdings Co., Ltd.
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