Hyundai-Avancis is a joint venture of Hyundai Heavy Industries and Saint-Gobain. Each party invested KRW 110 billion in the CIGS (copper, indium, gallium, selenide) thin film plant.
While an annual production capacity of 100 MW is expected to be reached by 2012, Hyundai-Avancis has said it may expand this to 400 MW by 2015, if the market conditions are right. ?
Hyundai Heavy is said to be Koreas biggest solar cell manufacturer with a 600 MW solar cell and module factory at Eumseong, Chungcheongbuk-do.