Mar 25 2010
Flextronics (Nasdaq: FLEX) today announced that it has entered into an agreement to produce solar modules for Q-Cells SE, one of the world's largest solar cell producers. The deal, which is one of the largest solar manufacturing contracts awarded in the industry to date, positions Flextronics as the leading EMS player in the Clean Tech market.
Flextronics will dedicate 200 Megawatts of the capacity at its Clean Tech Super Site in Port of Tanjung Pelepas (PTP), Malaysia, to the production of Q-Cells' solar modules. This highly strategic location provides Q-Cells with a world-class solution and capitalizes on the solar supply chain that is rapidly evolving in Malaysia. Q-Cells is expected to benefit from an optimized supply chain in terms of product costs and logistics to its end markets, and ultimately a strengthened market position by leveraging Flextronics' scale and manufacturing expertise.
Nedim Cen, CEO of Q-Cells SE, stated, "We are very pleased to have found an experienced, flexible partner in Flextronics who will support us in expanding our product range by crystalline modules. This partnership represents a major milestone in the strategic positioning of our company."
"The manufacture of solar modules for Q-Cells aligns fully with one of the major strategic initiatives of Flextronics, which is to establish Flextronics as the OEM partner of choice in Clean Tech, where we are actively driving the delivery of sustainable, environmentally-conscious technology solutions for Clean Tech customers," stated EC Sykes, president of Flextronics Industrial. "We are very happy to have been chosen by Q-Cells and continue to develop our working partnership with the Q-Cells team."
Production is underway, with the first Q-Cells modules produced in mid-March.
Source: http://www.flextronics.com/