HSOL Executives talk briefly about company's future!!
Hanwha Solar One Turning The Tide by Eunvy Kim | 26 September 2013
During Q2, Hanwha SolarOne Co Ltd (NASDAQ:HSOL) delivered significant improvements in comparison to 2012, providing positive gross margins and one of the highest ASPs out of the Chinese solar groups. As mentioned before by Solarzoom Export Data, the company was the second-largest Chinese company in amount of deliveries to Japan and to South Africa, the two largest and most promising markets for the company during the first half of the year. Based on export data from August, deliveries have a corresponding geographic distribution.
Describing the company's strategy, technology and opportunities for Hanwha SolarOne, including situation beyond 2013 in case tariffs, overcapacity, and opportunities are Mr. Paul Combs, Vice President of Investor Relations Hanwha SolarOne, and Mr. Jonghyun Shin, General Manager at Hanwha Group.
KoreoTimes: SolarOne is a subsidiary of the Hanwha Group, a huge South Korean conglomerate which also includes Hanwha Solar and Hanwha Q CELLS. Can you please explain Hanwha Group’s strategy to expand market penetration for each of those entities? What is the relationship between those companies? And last, but not least what does the foreseeable future look like?
HSOL Executives: Hanwha SolarOne and Hanwha Q CELLS combine to form the flagship mid-stream players in Hanwha’s overall vertically integrated solar strategy. Both also are exploiting opportunities downstream, with SolarOne focusing this effort primarily in China, and Q CELLS more globally including Europe, Japan and the US. Q Cells will use HSOL panels which have a lower costs. Also, HSOL will toll for some Japnese companies so we can run at full capacity in 2014. There is potential for many synergies between our companies in certain areas including technology exchange, supply chain leverage, branding and quality. HSOL panels will exceed 20% efficiency with average cost of .48 watt next quarter.