Total production capacity at the solar encapsulants facility has now been doubled to two GW, thus bringing the company’s global installed capacity to 6.35 GW. However, the company already has plans to add another one GW, which would bring its total installed capacity in Malaysia to 3.0 GW.
The company previously announced a building expansion to double the size of its existing production and warehouse space in Malaysia, providing floor space for total capacity of up to 4.0 GW. It is scheduled for completion by the end of the first quarter of next year.
"Increasing the production capacity at our Malaysia facility is an important part of our strategic effort to grow our business in Asia and further our ‘One plus China’ growth strategy," said Dennis L. Jilot, chairman, president and chief executive officer of STR Holdings. "We continue to experience strong growth in Asia and our capacity expansion will aid in increasing our market share in this region, both with existing and new customers."