Vertical Integration For Solar PV In Vietnam

China’s Huitian New Materials’ RMB 70.9 Million Investment For Backsheet Film Production

Vertical Integration For Solar PV In Vietnam

Huitian New Materials targets to complete the Vietnam backsheet project within 16 months. (Illustrative Photo; Photo Credit: abriendomundo/

  • Huitian New Materials is expanding its solar backsheet production capacity  
  • It plans to set up a fab in Vietnam’s Hai Duong province for 26 million m2  
  • The RMB 70.9 million investment will help it serve companies locally as well as globally  

China based adhesives and new materials manufacturer Hubei Huitian New Materials will venture into solar backsheet production in Vietnam. The new fab will have an annual production capacity of 26 million m2.   

The investment decision was made public after the company board approved the RMB 70.9 million ($9.77 million) investment in the Southeast Asian nation. The company expects to recover the investment within 3 years of the fab coming online.  

Huitian has tasked its wholly-owned subsidiary Huitian Rongsheng (Hong Kong) Co. Ltd. to set up its own wholly-owned subsidiary called Vina Evergreen Advanced Material Co. Ltd. to execute the manufacturing project.  

Housed in the industrial park at Hai Duong province, the facility is scheduled to be implemented within 16 months. According to the management, it aims to serve the growing solar PV module manufacturing segment within Vietnam with an eye on exports as well (see Thornova’s 1.5 GW Solar Module Factory Online).  

The company previously announced that it was building a solar backsheet facility with an annual output of 36 million m2 (see China PV News Snippets).  

TaiyangNews has covered the significant material changes used in backsheets and encapsulants in our Market Survey on Backsheets & Encapsulation 2022-2023. It is available for free download on our website here.   

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

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