Shinsung Solar Energy has completed the vertical integration of value chain in the photovoltaic business based on its collaboration with affiliated companies and a JV company.

For the stable supply of raw materials, Shinsung Solar Energy has signed a long-term procurement contract with multiple wafer vendors, and at the same time invested in the shares of Hankook Silicon, a subsidiary company of Osung LST, to secure the supply of polycrystalline silicones.

In addition, Shinsung CS, affiliated company producing photovoltaic modules, purchases solar cells from Shinsung Solar Energy, while the other affiliated company, Shinsung FA, localizes the solar cell & module production equipment, which was mostly imported.

Through this vertical integration, Shinsung Solar Energy has secured better cost competitiveness and production technology than its competitors.

Thus, Shinsung Solar Energy has laid a foundation for market share expansion at home and abroad based on its complete vertical integration from solar cell, module, construction to equipment business. Continuing its success in the semiconductor and FPD businesses, Shinsung Solar Energy is preparing for a second leap forward by focusing on its next new growth engine, the photovoltaic business.

 
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