Sat, Dec 11, 2010 - Page 12 News List

Motech’s monthly revenue drops on slowing demand

By Lisa Wang  /  Staff Reporter

Motech Industries Inc (茂迪), the nation’s biggest solar cell maker, yesterday reported a 5.2 percent dip in revenue for last month compared with October, reflecting weakening demand for solar system installations in winter.

The firm’s revenue reached NT$4.06 billion (US$133 million) last month, down from NT$4.29 billion in October, but up 97.46 percent from NT$2.06 billion a year earlier.

Gintech Energy Corp (昱晶能源), the nation’s No. 2 solar cell maker, also saw revenue slip 5.3 percent to NT$2.68 billion last month from NT$2.83 billion in the prior month. That represented a 32.92 percent increase from a year earlier.

Gintech said earlier this year that it would cut prices to win orders before the end of the fourth quarter as demand could begin to weaken next month.

E-Ton Solar Tech Co (益通光能) yesterday said revenue rose 9.71 percent to NT$1.92 billion last month from NT$1.75 billion in October. The figure jumped more than 25 percent from NT$1.53 billion in November last year.

Separately, DelSolar Co (旺能), a solar cell module manufacturing arm of local power device maker Delta Electronics Inc (台達電), has landed a one-year supply contract with a European renewable energy company, a company statement showed yesterday.

Based on the agreement, DelSolar expects to supply at least 30-megawatt solar cell modules next year to the company, which DelSolar did not name.

DelSolar said its revenue fell 2.2 percent to NT$1.34 billion last month from NT$1.37 billion.

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