GT Solar to expand in China

GT Solar Incorporated, a provider of essential technology, turnkey manufacturing and equipment solutions across the photovoltaic supply chain, announced last week its move into China through a Wholly Owned Foreign Enterprise (WOFE), a common way for companies to enter the Chinese market, which has been called GT Solar (Shanghai) Co., Ltd. 

GT Solar’s main office will be located in Shanghai on Nanjing Lu in the new Plaza 66 Tower 2.  An additional office will be located in Beijing serving customers in the north.  The company also plans to open warehousing facilities in the Waigaoqiao Free Trade Zone in PuDong.

“GT Solar is working with an increasing number of customers in China that have been developed over the last 5 years,” said Jeff Ford, General Manager of GT Solar (Shanghai) Co., Ltd.  “We value these long term relationships, and are committed to enhancing our customer base in China.  Having a full-time presence in the region will improve our ability to provide technical and sales support to our customers”,  he added

The company recently expanded its product line to include polysilicon reactors (devices that allow customers to produce the polysilicon from which solar cells are made) and sealed a deal to provide 30 MW of PV material to a Greek firm.  Its founder and former CEO,  Mr Kedar Guptar, retired on December 31 after 12 years of service and an initial investment of $1,000 (and an additional $1,000 by his business partner Tom Zarrella). Not too bad!

For additional information:
www.gtsolar.com