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Cybrid invested 435 million yuan to expand POE encapsulation film project to secure market share.

  • Categories:Company Info
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  • Time of issue:2020-06-12 12:54
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(Summary description)On June 4, Cybrid announced the expansion of POE encapsulation film production. According to the needs of the company's operation and development, in order to further expand the scale of production and operation, Cybrid Technology intends to expand the production of POE project with a total investment of 435,110,700 Yuan, including the purchase of raw materials and equipment, the purchase of land and the constructed workshop on the land, the renovation of workshop and the reserve of working capital. The construction period of the project is 6 months, and the overall progress is divided into engineering construction, equipment purchase and installation, personnel recruitment and training, equipment commissioning and trial production.

Cybrid invested 435 million yuan to expand POE encapsulation film project to secure market share.

(Summary description)On June 4, Cybrid announced the expansion of POE encapsulation film production. According to the needs of the company's operation and development, in order to further expand the scale of production and operation, Cybrid Technology intends to expand the production of POE project with a total investment of 435,110,700 Yuan, including the purchase of raw materials and equipment, the purchase of land and the constructed workshop on the land, the renovation of workshop and the reserve of working capital. The construction period of the project is 6 months, and the overall progress is divided into engineering construction, equipment purchase and installation, personnel recruitment and training, equipment commissioning and trial production.

  • Categories:Company Info
  • Author:
  • Origin:
  • Time of issue:2020-06-12 12:54
  • Views:
Information
On June 4, Cybrid announced the expansion of POE encapsulation film production. According to the needs of the company's operation and development, in order to further expand the scale of production and operation, Cybrid Technology intends to expand the production of POE project with a total investment of 435,110,700 Yuan, including the purchase of raw materials and equipment, the purchase of land and the constructed workshop on the land, the renovation of workshop and the reserve of working capital. The construction period of the project is 6 months, and the overall progress is divided into engineering construction, equipment purchase and installation, personnel recruitment and training, equipment commissioning and trial production.

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POE adhesive film is a mature product of Cybrid Technology, and the company has perfect R&D and production technology, which has been officially mass-produced in 2018 and has been widely used in double-sided power generation PV modules. In this regard, Cybrid Technology said that with the improvement of PV technology, double-sided power generation PV modules have developed rapidly, and the market demand for POE film, the main encapsulation material for double-sided modules, has increased rapidly, and the existing production capacity exceeds the demand, so the project is in urgent need of expansion in order to stabilize the existing market share of POE film.
It is noteworthy that Cybrid was established in 2008, focusing on the backsheet market, and at the end of 2012, the new backsheet KPf independently developed by Cybrid was launched and quickly captured the market. Since 2014, it has shipped the first backsheet in the world for 6 consecutive years, with a total shipment of more than 100GW, making it one of the major international backsheet manufacturers. At the same time, Cybrid has maintained continuous growth for three years, achieving revenue of 1.807 billion yuan, 1.931 billion yuan and 2.135 billion yuan respectively from 2017 to 2019.
Now, after 12 years, Cybrid finally appeared in the capital market.On January 2, 2020, the first IPO session was held this year, and Suzhou Cybrid Applied Technology Co. On April 20, 2020, Cybrid applied for listing on the Shanghai Stock Exchange, and on April 30, 2020, Cybrid officially landed on the capital market.

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