China’s HIUV Announces $10 Million US Manufacturing Factory
HIUV is moving beyond the Chinese market to attractive solar markets abroad like the US and India. (Photo Credit: HIUV New Materials)
Leading solar PV encapsulation solutions provider from China, HIUV New Materials will establish a subsidiary in the US market to establish a polymer specialty film manufacturing plant in the country. The company called it an important measure to achieve the localization of its PV encapsulation film production and market extension in the US market.
The proposed manufacturing project is estimated to cost up to $10 million. In its official announcement, HIUV does not specify the annual production capacity of the proposed US factory, but the company shares that the project will be carried out in phases and completed within 1-2 years after its launch.
HIUV is already present in the US market under a collaboration with its existing partner, adhesives and sealants producer H.B. Fuller. In October 2024, HIUV said it will supply its designated film formulations and manufacturing technologies to be produced at Fuller’s Ohio factory.
“Through these measures, the company has effectively avoided or reduced the adverse effects of US trade restrictions on photovoltaic companies in China and Southeast Asia, while accelerating the company's internationalization process and enhancing its competitive advantage in the United States,” added HIUV in a brief announcement.
The new manufacturing project deepens the strategic technical cooperation between HIUV and its industry partners in the US, it added.
HIUV’s current annual EVA production capacity is 120 GW. Speaking at the TaiyangNews High Efficiency Solar Technologies 2024 Conference recently, HIUV’s Global Sales Director Jitin Rai Khanna made the announcement that the company is expanding to India with a 5 GW factory in 2025, which can be expanded to 15 GW in the future.
In the recent past with the advent of the Inflation Reduction Act (IRA) in the US, several Chinese PV manufacturers announced production plans for the country while facing various US trade restrictions. However, now that the US will be led by Donald Trump as the President, there is uncertainty in the market with regard to Chinese investments.
In November 2024, Trinasolar sold its 5 GW Texas solar module factory to FREYR to reduce its geopolitical risks.