JinkoSolar Inaugurates Its First Overseas Solar Cell and Solar Module Fab in Penang, Malaysia.
SHANGHAI, May 26, 2015 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced the inauguration of Jinko Solar Sdn Bhd. in Penang, Malaysia. The ceremony was attended by JinkoSolar CEO Kangping Chen, and some Malaysia prestigious government officials. The construction of the facility has been finished and put into operation weeks ago. Since fully operation, the annual capacity will reach 500MW solar cells with up to 18.5 percent conversion efficiencies and 450 MW solar modules.
The Malaysian plant will be the Company;s first overseas cell production facility and its module capacity will add to its overseas module capacity, currently located in South Africa and Portugal. This state-of-the-art facility is about 25,000 square meters, and will house 7 solar cell production lines when fully online. It utilizes the latest highly-automated production equipment and JinkoSolar’s best practice of manufacturing, and will offer 1,200 job opportunities.
“Since we made decision to build up this Malaysia Fab last December, we took less than 6 month to complete it and now it is already in production, benefiting from our leading manufacturing technology, and efficiently-run global operations and management. Again we demonstrate JinkoSolar’s execution and magic speed,” said Kangping Chen, CEO of JinkoSolar, “"The scale and breadth of this cell and module fab campus in Malaysia will be a core element of our technology and global manufacturing roadmap to meet continuing escalating demand of our solar PV products.”
"This is our biggest overseas investment and actually it is also the biggest investment of Chinese solar product manufacturer, which happens to coincident with ‘one belt, one road” initiative proposed by Jinping Xi, China’s president. Malaysia offers us talent pool of highly educated workers and engineers, relatively advanced industry infrastructure, a receptive business investment climate, cost competitive environment. In return, we bring our latest technology and manufacturing excellence know-how and expertise, our experienced management team helping to cultivate local talents, and our capital as well. Hereof, we are not only build a factory, we build an open platform to integrate technology, information, talents and vision for the future,” added by Kangping Chen.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 2.5 GW for silicon ingots and wafers, 2.0 GW for solar cells, and 3.2 GW for solar modules, as of December 31, 2014. JinkoSolar also sells electricity in China, and has connected approximately 500 MW of solar power projects to the grid, as of December 31, 2014.
JinkoSolar has over 13,000 employees across its 4 productions facilities in Jiangxi and Zhejiang Provinces, China, Portugal and South Africa, 12 global sales offices in China, Spain, the United Kingdom, the United Arab Emirates, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Brazil, Costa Rica and Mexico and 11 oversea subsidiaries in Germany, Italy, Switzerland, the United States, Canada, Australia, Singapore, Japan, India, South Africa and Chile.
To find out more, please see: www.jinkosolar.com
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For JinkoSolar related investor and media inquiries, please contact:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21 6061 1792
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