© cumypah dreamstime.com Analysis | November 14, 2014
Solar glass price plunge to cease as trade sanctions take effect
After falling by about 50 percent from 2009 through 2014, pricing for solar glass is set to commence a rebound starting next year, as anti-dumping duties levied by the European Union go into effect on Chinese suppliers.
Average global pricing for glass used in photovoltaic (PV) solar is expected to fall to $4.60 per square meter this year, down from $10.40 in 2009, according to IHS Technology. However, pricing will begin to stabilize and begin a long-term increase starting next year. By 2018, solar glass pricing will increase to $5.90 per square meter, up 11 percent from the low point this year. “The sharp drop in solar glass prices during the last five years was the result of massive oversupply in the market,” said Karl Melkonyan, solar research analyst at IHS Technology. “Chinese government subsidies on solar glass caused domestic suppliers to increase production and exports. However, the European Union’s move to impose countervailing duties on solar glass imported from China will limit supply in the market, leading to an expected increase in prices.” Made in China In 2010, imports accounted for only 7 percent of total solar glass supply in Europe. This share grew to 30 percent in 2013. For 2014, more than 90 percent of imports will come from China, up from 35 percent in 2010. This means that in 2014, Chinese manufacturers will account for 27 percent of total solar glass supply in Europe, up from 2.5 percent in 2010. Encouraged by government subsidies, many Chinese glass manufacturers entered the solar glass segment and started an aggressive pricing strategy in overseas markets, following a similar pattern to China’s participation in the module space. The price undercutting caused a strong oversupply and price collapse in the market. European backlash High imports from China led to lost profits and shutdowns of factories for European solar glass producers. In response, the European Union in May imposed five-year tariffs on solar glass from China. The EU imposed countervailing duties on solar glass imported from China in a range of about 3 to 17 percent, depending on the level of subsidy that a solar glass company received from China. Glass shippers IHS estimates the global demand for flat glass—the parent category of solar glass—in 2013 was 47.6 million metric tons. With an estimated 55 percent share, China dominates flat glass supply. Europe follows with a 16 percent share. The Asia-Pacific region is forecast to remain the largest and fastest-growing market for solar glass during the next five years. However, only a few first-tier suppliers from China will provide what customers consider to be high-end products. ARC of triumph In other developments in solar glass, the global market share of anti-reflective coated (ARC) solar glass in 2018 is projected to reach 85 percent. Anti-reflective coatings increase module power output and lower the cost-per-watt, which is the key value measure for any solar-power-generating system. After a weak 2012, the fast-recovering PV market has also contributed to a strong demand for solar glass with AR coating, with about 50 percent growth during each of 2013 and 2014. The “Module Innovations to Create Opportunity for PV Materials Market” report delivers to readers an in-depth look into the competitive landscape of the leading module manufacturing materials, as well as cost trending through 2018. The report investigates current and pioneering developments in glass, backsheet, frames, junction boxes and encapsulants.
Libra Industries welcomes new VP EMS provider Libra Industries has welcomed David Chavez to its leadership team as the new VP of Integrated Business Development.
Danfoss shuts down site – hundreds of jobs lost Danish industrial group, Danfoss, is taking steps to optimise and strengthen its competitiveness. This will result in a closure of the groups manufacturing site in Kolding, Denmark. Production from the site will be moved to the groups manufacturing location in Poland.
USI builds its third antenna chamber measurement system USI is currently building its third antenna chamber measurement system with a targeted completion date in the first quarter of 2020.
AT&S receives NADCAP accreditation With the NADCAP accreditation, new doors in the aerospace sector has been opened for the Austrian company.
Sponsored content by CMLCML manufactures Metal Substrate solutions Printed circuit boards (PCBs) plays an important role in our day to day life. Whether it’s the car you’re driving, the phone that you’re scrolling through or computers that you’re sending emails from. What happens when you use heat generating components on a PCB? That’s right, cooling is needed!
Toshiba Carrier to establish new manufacturing subsidiary in Europe Toshiba Carrier Corporation announced the establishment of a new manufacturing subsidiary in Gniezno, a mid-western city of Poland.
Ericsson opens new R&D site in France Ericsson says it will establish a new R&D site in France with up to 300 employees, accelerating 5G momentum in Europe.
GKN team up with Delta on eDrive technology GKN Automotive and Delta Electronics are collaborating on the joint development that aims to enable the rapid acceleration of next generation integrated 3-in-1 eDrive systems of power classes from 80kW to 155kW.
Samsung’s planning Indian smartphone display plant The South Korean tech-giant is reportedly planning a USD 500 million investment to set up a display manufacturing plant in India.
Elmaticas gets green light to audit SAAB Avionics sub-suppliers. Elmaticas Jan Pedersen successfully completed the Part 21 Subpart G training, regarding auditing of Printed Circuit Boards suppliers for SAAB Avionics Systems earlier this year. Allowing Elmatica to conduct audits of SAAB Avionics sub-suppliers.
Jenoptik to keep its mechatronic activities The Executive Board of Jenoptik AG has decided to stop the process of selling the mechatronic business operating under the brand name VINCORION.
U.S. polysilicon makers laud Phase 1 of China deal The United States’ three remaining manufacturers of polysilicon expressed appreciation to President Trump and praised U.S. negotiators for securing the Chinese commitment to purchase U.S. polysilicon in the first phase of the U.S.-China trade deal.
Dupont explores divestiture of electronics unit Following its recent USD 26.2 billion deal to sell off its nutrition business, DuPont de Nemours Inc. is weighing a divestiture of its electronics unit, according to people familiar with the matter.
AMD bolsters exec leadership team AMD has announced several promotions and one new hire to its senior leadership team, in an effort to enable the company’s continued growth in the high-performance computing, graphics and visualization technologies market.
Webasto opens new battery centre in Jiaxing Webasto has inaugurated its new roof plant and battery center in Jiaxing (Zhejiang Province) close to Shanghai.
Panasonic to expand its manufacturing footprint in India Panasonic is looking to build a new wiring device factory in southern India. The new factory is scheduled to start production in autumn 2021, responding to the increased demand in the country.
Season Group strengthens wireless R&D & manufacturing capability Season Group has invested in, and installed, two high-speed and high-precision wireless communication testers - Rohde & Schwarz’s R&S CMW500 Wideband Radio Communication Tester and R&S CMW100 Communications Manufacturing Test Set.
Rocket Lab expands capabilities in So Cal Rocket Lab announced this week it will open a new facility to serve as its corporate headquarters and provide increased production capacity.
PCB Piezotronics unveils new clean rooms PCB Piezotronics Inc., a wholly owned subsidiary of MTS Systems Corporation, has announced the completion of environmentally controlled clean rooms at their DePew, New York facility.
European loudspeaker company brings production back home Difficulties manufacturing smaller design series among reasons for the decision to return back to base.
China only region to register pure-play foundry market growth Rise of China-based fabless IC suppliers offers increased opportunities for foundries, IC Insights states in a recent report.
Mycronic receives first SLX order Swedish production equipment specialist, Mycronic, has recieved their very first order of its mask writer SLX.
600 new German jobs as VARTA expands production again The lithium-ion battery market continues to experiencing growth, currently the market is poised to continue to move forward with an annual growth of about 30% – and VARTA wants a big piece of the pie.
FTG achieves S9100D certification at acquired PCB fab Firan Technology Group Corporation has completed and received AS9100D Certification from SAI Global Ltd. for its recently acquired PCB manufacturing facility located in Fredericksburg, Virginia USA (formerly Colonial Circuits Inc.).
Dutch block sale of technology, China miffed Following ASML’s denial of an export license by the Dutch government to sell a piece of critical chip-making technology to the Chinese, China’s ambassador to the Netherlands has issued a statement expressing his country’s displeasure.Load more news