Profile: Suntech Power Holdings Co Ltd (STPFQ.PK)

STPFQ.PK on OTC Markets Group

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26 Jan 2015
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Suntech Power Holdings Co., Ltd. (Suntech), incorporated August 8, 2005, is a solar energy company. Suntech is principally engaged in the design, development, manufacturing and marketing of photovoltaic (PV) products and also provides engineering, procurement and construction services to building solar power systems using its own solar modules for residential, commercial, and utility-scale power plant customers. It conducts a significant portion of its operations through Wuxi Suntech Power Co., Ltd. (Wuxi Suntech). It designs, develops, manufactures and markets a range of PV cells and modules, including a range of value-added building-integrated photovoltaics (BIPV) products. The Company sells its products in various key solar energy markets worldwide including Germany, Italy, Spain, France, Benelux, Greece, the United States, Canada, China, the Middle East, Australia and Japan. As of December 31, 2011, it substantially completed the acquisition and reached an installed capacity for wafers and ingot of approximately1,600 megawatt.

The Company sells its products primarily through a select number of resellers, such as distributors and system integrators, as well as to end users, such as project developers.As of December 31, 2011, the average conversion efficiency rates of its monocrystalline and multicrystalline silicon PV cells were 18.2% and 16.6%, respectively. As of December 31, 2011, Suntech's annualized aggregate PV cell manufacturing capacity reached 2,400 megawatt per annum. The Company’s products are used to provide electric power for residential, commercial, industrial and public utility applications in various markets worldwide. It also provides PV system integration services to customers in certain regions. The Company manufactures silicon wafers and ingots used in manufacturing its PV cells and modules. It produces a range of monocrystalline and multicrystalline silicon PV cells. It produces a range of PV modules ranging from 20 to 300 watts in power.

The Company’s PV system integration services include the design, installation, commissioning and testing of PV systems. Suntech's PV system integration services include services, such as planning, engineering, procurement of permits and equipment, construction management, monitoring and maintenance. It offers PV system integration services primarily through one of Suntech's subsidiaries, Suntech Energy Engineering Co., Ltd. Suntech Energy Engineering Co., Ltd. has designed and installed on-grid and off-grid PV systems used in lighting for outdoor urban public facilities, in farms and villages and in commercial buildings.

The Company competes with Samsung Corporation, JA Solar, First Solar, Inc. SunPower Corporation, Trina Solar and Yingli Solar.

Company Address

Suntech Power Holdings Co Ltd

R&D Mansion, 9 Xinhua Road, New
WUXI   JNG   214028
P: +86510.85318000
F: +86510.85344214

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