Hanwha Q CELLS passes 12 month milestone

Hanwha Q CELLS has celebrated a first year of operations since the official start of the company on 16 October 2012.

“We are very happy with the company´s development within this first year,” said Charles Kim, ceo of Hanwha Q CELLS.

“We have worked very hard and have improved our operations and performance in many areas. Financially, we are aiming for positive full-year-figures in 2014.”

In the past 12 months, Hanwha Q CELLS reports a reduction in production costs plus the launch of the new G3 product series, including Q.PRO and Q.PEAK solar modules as well as the Q.FLAT system for flat rooftops.

The company also increased the capacity in its Malaysian plant from 800 to over 900 MW – making for a total production capacity of 1.1 GW.

“We have made important steps in fully utilizing our capacities in all plants while increasing the efficiency of our production sites, thus reducing production costs significantly,” added ceo Charles Kim.

“We achieved a lot in this first year of operations, and I would like to express my sincere appreciation and thanks to our customers and partners as well as to our employees. Together, we have already taken very important steps in the right direction.”