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PENANG, Malaysia, Oct. 26, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced the launch of its high-performance 400MW photovoltaic (PV) solar cell manufacturing facility (the "Facility") in Penang, Malaysia.
The Facility, which is JA Solar's first manufacturing facility outside of China, is equipped to produce high-efficiency multi-crystalline solar cells for use in PV power generation. These cells will primarily be used to manufacture JA Solar modules outside of China to provide competitive product solutions for certain overseas markets. JA Solar invested approximately MYR300 million in the facility located in the Penang Bayan Lepas Industrial Park. The Facility will provide up to 700 job opportunities for the local economy, and is able to accommodate further expansion in production capacity as needed to meet growth in demand.
Mr. Baofang Jin, chairman and CEO of JA Solar, commented, "We are pleased to launch our manufacturing plant in Malaysia, as the country offers many attractive benefits including an investment-friendly and supportive business environment. Penang's strategic location in Southeast Asia, its accessibility to airports and seaports, and the availability of reliable infrastructure are advantageous for our additional manufacturing capacity as we continue to explore new export markets.
"We are happy to note that JA Solar Malaysia is fully compliant with all local regulation, having received the necessary business, manufacturing and environmental licenses and approvals from government authorities including the Malaysian Investment Development Authority and the Department of Environment. We will continue to work with the relevant federal and state government agencies to ensure continued compliance with all rules and regulations."
About JA Solar Holdings Co., Ltd.
JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products that convert sunlight into electricity for residential, commercial, and utility-scale power generation. The Company is one of the world's largest producers of solar power products. Its standard and high-efficiency product offerings are among the most powerful and cost-effective in the industry. The Company distributes products under its own brand and also produces on behalf of its clients. The Company shipped 3.1 GW of solar power products in 2014. JA Solar is headquartered in Beijing, China, and maintains production facilities in China and Malaysia.
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