First Solar to invest US$150m in Kulim plant in Kedah, Malaysia
By Kamarul Yunus /February 1 2007
source: Business Times Malaysia
http://www.btimes.com.my/Current_News/BT/Thursday/Frontpage/BT606204.txt
FIRST Solar, a manufacturer of solar modules listed on the New York Stock Exchange, plans to invest US$150 million (RM525 million) to set up a manufacturing plant in Kulim Hi-Tech Park, Kedah. The company, in a statement posted on its website, said construction work on the plant is scheduled to begin in April and to be completed late this year. Production is planned to begin in the second half of next year. “When fully operational, the proposed plant will provide jobs to some 500 people. The project is part of the company’s expansion production plan,” First Solar said. The proposed plant in Malaysia is a new four-line solar module manufacturing plant with an expected minimum annual capacity, or nameplate capacity, of 100 megawatts (MW).
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