Sichuan Yonxiang Co. Ltd, a subsidiary of Chinese industrial giants Tongwei, has announced the creation of a joint venture with Longi Green Energy Technology. The joint venture plans to build a new polysilicon production plant in Sichuan Province, China, with an annual capacity of 50,000 metric tonnes.
Monocrystalline giant, the Longi Group, will now use the brand for its cell and module business, formerly Lerri Solar. The unified brand will be showcased at the PV Expo in Tokyo, which kicks off on Wednesday.
The Shanghai-based integrated solar specialist said it expects to record a “substantial” net loss for the year to the end of December.
Chinese monocrystalline silicon firm Longi has agreed to purchase the assets of Comtec Malaysia, a subsidiary of Comtec Solar Systems Group, for a fee of RMB 200 million (USD 28.74 million), which adds to the company’s expansion across Malaysia after announcing a new manufacturing facility in the country in 2016.
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