New Hampshire based GT Solar opened its new Asian headquarters in Hong Kong in order to be more responsive towards its growing Asian customer base. According to the president and chief executive officer of GT Solar, Tom Gutierrez, over 85 percent of the company’s business now comes from Asia, particularly China. Hong Kong was chosen as the ideal location as it has a favorable business climate with an experienced work force. Jeff Ford, the company’s managing director stressed that expanding business functions directly in the region will allow the company to compete more effectively in the growing solar market.
GT Solar has been doing business in Asia since 2002. Since then, the company has played an important role as an equipment provider, to helping the regions early business entries to establish their PV and polysilicon manufacturing operations.