Ground breaks on Manz’s Chinese CIGS line

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The CIGSfab line is located across 58,000 square meters in China’s Chongqing City. It is said to be the largest thin film production line of its kind in the country.

Manz says construction should be completed by Q3 of this year, with production commencing by the beginning of Q2 2019. Around 450 jobs are expected to be created.

Work on the German equipment provider’s CIGSlab research line is also on track. It will be built on around 16,000 square meters in Peking ,and should be completed by the end of Q3 2018.

“Together with the existing innovation line for CIGS thin film solar modules in Schwäbisch Hall, the CIGSlab will further accelerate the research process with about 170 employees,” says Manz in a statement released.

“The goal is to leverage the potential of the CIGS technology for further increases in efficiency and reduction of manufacturing costs,” it adds.

Manz was not immediately available for comment.

Last April, the company announced it had secured all official approvals for a strategic cooperation with Chinese companies Shanghai Electric and the Shenhua Group.

The authorizations unlocked several CIGS orders worth €263 million ($281.9 million), Manz said, including the €50 million purchase price for Manz CIGS Technology GmbH and an agreed downpayment of €70 million for orders.

Announcing its Q3 2017 financial results last November, the company said it had achieved a revenue of €192.6 million during the period, a 15% increase from the same period last year.

Earnings before interest, taxes, depreciation and amortization (EBITDA), meanwhile, amounted to € 8.5 million (previous year: € -15.2 million) and earnings before interest and taxes (EBIT) to € 0.8 million (previous year: -25, 7 million euros).