News Article
Schweizer Electronic Enters PV Market
Schweizer Electronic AG, a manufacturer of PCBs as well as solutions and services for automotive, solar and industry electronics, has taken the first steps to diversify their business strategy.
Following the foundation of the business division "Energy" in spring 2011 the company announced the start of a production of photovoltaic (PV) high efficiency modules in Asia as well as the set-up own sales channels for solar parks in China. The investment volume for the first production line amounts to 50 to 60 million USD. By investing anti cyclically, Schweizer plans to participate in the expected positive development of the photovoltaic market. We believe in the future of photovoltaic", says Dr. Marc Schweizer, CEO of Schweizer, the solar strategy of the company. Now is the right point in time to enter the solar business. With our planned production line we are excellently positioned to directly meet future demands", he explains.
Schweizer Energy will operate a plant for manufacturing modules with up to four 100 MW production lines in the Chinese City Nantong, about 100 km north-west of Shanghai.