27, Foster, the first brother of photovoltaic film, issued a "Notice on Project Investment" and announced three investment plans in one breath, involving photovoltaic film, backplane and other fields, involving a total investment of nearly 2 billion yuan.
Project I. Linan Headquarters' annual output of 300 million square meters of high-efficiency battery packaging film technical transformation project The total investment of the
project is about 608.36 million yuan. This technical transformation project improves the production efficiency and improves the product type by upgrading the original production line and technical transformation, as well as increasing the supporting plant and facilities, so as to better meet the current market demand. The Company is responsible for the implementation of the
project, with a construction period of 36 months. At present, the project is in the early stage of preparation and is expected to reach production capacity before December 2026.
Project II. Thailand's annual output of 250 million square meters of high-efficiency battery packaging film project & nbsp;
The total investment of the project is about & nbsp; US $159 million (equivalent to approximately RMB1.16 billion), forming an annual production capacity of 250 million square meters of high-efficiency battery packaging film upon completion.
The project is implemented by Foster Material Science (Thailand) Co., Ltd., a wholly-owned subsidiary of the company, with a construction period of 36 months. At present, the project is in the early stage of preparation and is expected to reach production capacity before December 2026.
Project III. Vietnam backplane project with an annual output of 30 million square meters The total investment of the
project is about 27.7 million US dollars (equivalent to about 203 million RMB). After completion, an annual production capacity of 30 million square meters of backplane will be formed.
The project is implemented by Vietnam Advanced Membrane Co., Ltd., a wholly-owned subsidiary of the company, with a construction period of 24 months. At present, the project is in the preparatory stage and is expected to reach production capacity by December 2025. The
photovoltaic film is the key packaging material for photovoltaic modules, which plays a role in packaging and protection of solar modules, improves the photoelectric conversion efficiency of modules, and prolongs the service life of modules.
Although photovoltaic film only accounts for about 7% of the total module cost, the irreversibility of the packaging process directly determines the power generation efficiency and product quality of photovoltaic modules. Therefore, it is one of the core auxiliary materials of photovoltaic modules. In the
past two years, driven by various factors, Chinese photovoltaic manufacturing enterprises have accelerated their global layout and set off an upsurge of building factories overseas.
However, the global layout of photovoltaic enterprises is not only as simple as the overseas construction and expansion of the four main material links, but also needs the supporting support of the production capacity of photovoltaic auxiliary materials. Unlike the maturity and perfection of the domestic photovoltaic industry chain, the production capacity of overseas photovoltaic auxiliary materials and auxiliary materials urgently needs to be supplemented.
In addition, under the background that the United States, India and other countries have set strict trade barriers to China's related photovoltaic auxiliary materials products, auxiliary materials enterprises themselves urgently need to find new ideas for overseas market expansion, follow the pace of domestic photovoltaic enterprises, and build factories overseas to expand production.
In addition, as the absolute "first brother" in the field of photovoltaic film, Foster has now occupied more than half of the global market share. In the first half of 2023, Foster shipped 967,242,000 square meters of PV film, representing a year-on-year increase of 57.15%.
Foster said that with the continuous expansion of module production capacity in Southeast Asia, as a leading enterprise in the field of global photovoltaic packaging, the company needs to speed up the expansion of high-quality production capacity with leading technology, reserve production capacity for the larger-scale module manufacturing era, and carry out the layout of global operation, so as to further expand the scale advantage of the company's photovoltaic packaging materials.
According to reports, in recent years, with the development of cell and module technology in the photovoltaic industry chain, Foster has launched a series of packaging material combination solutions for new technologies such as high-efficiency TOPCon cells, HJT cells, SMBB modules, IBC modules and perovskite cells.
In addition, on October 27, Foster also released its third quarter report, which showed that the company's operating income from January to September was 16.65 billion yuan, an increase of 22.91% over the previous year, and the net profit attributable to shareholders of listed companies was 1.43 billion yuan, a decrease of 6.68% over the previous year.
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