Taiwan-based crystalline silicon solar cell maker Motech Industries will issue Euro convertible bonds(ECBs)worth US$130 million to raise funds for overseas materials procurement,with the issuance expected to be finished in early 2013,according to the company.
Solar firms saw falling orders in September,but orders returned unexpectedly in October.Solar firms believe November performance will be flat compared to October.In addition,although December is the traditional low season,some firms have been seeing healthy orders.
Wen-Whe Pan,president and COO of Gintech,noted that the firm's current capacity utilization rate is around 90%and the reason for not achieving full capacity is that 2-3 production lines are older and may produce solar cell with unsatisfactory efficiency.In addition,said Pan,December order visibility and capacity utilization rates are comparable to November's.
