Hanwha Q. Cells consolidates Position as a Reliable Partner in PV Industry

Hanwha Q Cells strengthened by financial backing from Hanwha Group
Global production footprint to meet different market requirements
International launch of new brand and company name architecture

Launched six months ago under the name Hanwha Q CELLS to reflect its global reach and local presence, the Germany-based provider of innovative and high-quality photovoltaic products and solutions is a reliable partner for customers around the world. As part of the Korean top-10 business, Hanwha Group, Hanwha Q CELLS is financially secure, putting the company in a unique position within the PV industry. “Our commitment to solar extends beyond building a successful business. We are dedicated to turning solar into the centerpiece of the Group´s future growth”, said Ki-Joon Hong, the vice chairman and chief executive of Hanwha Chemical, representing Hanwha Group.

Hanwha Q CELLS´ international production footprint and global sales network enables the company to meet the needs of local PV customers across diverse international markets. For example, Hanwha Q CELLS’ “Made in EU” certificate, received in March 2013 for manufacturing solar cells and solar modules comprised entirely of European components, will enable French customers to receive an immediate bonus of up to 10 percent through the French feed-in tariff. The certificate also demonstrates that European customers can rely on Hanwha Q CELLS to engineer and manufacture products in Germany and within the European Union.

Active production facilities, strong project pipeline
Hanwha Q CELLS’ strong market position is further backed by a solid project pipeline. The company’s production facilities for solar cells and modules in Germany and for solar cells in Malaysia are well utilized due to strong demand from several markets like Japan, and the company has a solid downstream pipeline of around 500 MW in the EPC and utility business. Hanwha Q CELLS looks confidently into the future. In the words of CEO Charles Kim, “We are optimistic that our production lines will continue to be well utilized throughout 2013.” A new product generation based on Q.ANTUM technology is particularly expected to generate increased demand worldwide after it is launched in May 2013.

Hanwha Q CELLS launches global brand and corporate name architecture
To further position Hanwha Q CELLS as a global company with strong local presence, Hanwha Q CELLS has recently launched its new brand “Q CELLS a Hanwha company” and corporate name architecture by region. Customers will now find Hanwha Q CELLS branches in Germany (HQ), Malaysia, the United States, Japan, Australia, Korea and Canada. The launch of the corporate name architecture is yet another step in leveraging more and more synergies within Hanwha´s solar network: Hanwha Q CELLS is to become the platform for the global solar business of Hanwha and “Q CELLS a Hanwha company” is the brand that PV customers around the world can trust – even in troubled times for the industry.

Hanwha Q CELLS is part of the South Korean Hanwha Group and one of the world’s leading photovoltaics companies and offers a wide range of photovoltaic solutions, from solar cells and modules to solar power plants. Hanwha Q CELLS products are developed and manufactured at its headquarters in Thalheim (Germany) and marketed via its global sales network. It also has a second production plant in Malaysia. The close links between R&D and production enable Hanwha Q CELLS to rapidly translate innovation into mass production – and underpin its ambition to be at the forefront of photovoltaic technology. For more information, please visit: http://www.q-cells.com.

Hanwha Group, founded in 1952, is one of the largest business enterprises in South Korea and a FORTUNE Global 500 company with 52 domestic affiliates and 90 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With a 60-year track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from basic chemicals and advanced materials to property development and total solar energy solutions. The finance network, covering banking, insurance, asset management and securities, is the second largest non-bank finance group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses. For more information, visit www.hanwha.com.

Source: Q.Cells

For more information on: Q.Cells