Sunner Solar, a Taiwan-based a-Si (amorphous silicon) thin-film solar module firm, on March 18 announced the merger with Anneberg, a Taiwan-based cosmetics producer, into a new company named Xantia, with Sunner to acquire financial support from Anneberg and the latter to market cosmetics in the China market through the former's channels there, according to Sunner chairman Huang Zhi-wen.
Solar modules and cosmetics will account for 30% and 70% respectively of the new company's revenues initially and are expected to reach 50% each in the future, Huang said. The new company aims at initial monthly revenues of NT$50 million (US$1.7 million), Huang indicated.
Sunner cooperated with Japan-based Fuji Electric to develop flexible solar modules for use in mobile terminal devices such as handsets and tablets at the end of 2012 and began small-volume shipments in February 2013, Huang noted. Sunner expects to obtain JPY200 million (US$2.1 million) orders for such product at the end of March and will begin to ship in April, Huang pointed out.
Currently, China accounts for 50-60% of Sunner's revenues, Taiwan for 30% and Japan for 10-20%, Huang noted. Sunner aims at shipments of 5MWp for 2013, 2.5 times shipments in 2012.
Although suffering net loss per share of NT$4.52 for 2012, Sunner expects business operation to swing from the red into profitability due to merger with Anneberg and increasing shipments of flexible solar modules, Huang pointed out.
