MILAN, Jul 16 (Class Editori) – FuturaSun, Italian leading company in the production of high-efficiency PV panels, is expanding its production capacity through a new plant in Taizhou, in the Zhejiang province, furnished with four automatic lines with a 500 MW production capacity per year. Its strong suit, according to CEO Alessandro Barin (39yo), "are the new Silk stringers designed in Italy, ensuring double the output in half the space".
The company notified that the new plant should support a 500 MW/year production capacity, yet the project includes a further expansion – up to 1 GW – in the short term. The new Silk stringers were designed in Italy by FuturaSun's team in collaboration with a Università di Padova spin-off. "FuturaSun is the only European reality in the world managing to win some space in the Chinese factory production market," said Barin. "It is also the first and only Italian company producing for the local market".
The new plant is found in the Taizhou industrial district, in the Jiangsu province, north of Shanghai and 200 km from the company's other production plant, in Maanshan. Actually, this area hosts several of the PV sector's production realities, manufacturing anything from parts to panels.
The reason behind FuturaSun's success as only EU reality on the Chinese market – which is incredibly competitive – is that Alessandro Barin, the company's number one person, has been travelling between the two countries for 20 years, mixing the know-how and experience belonging to the Veneto region with the incredible economic development opportunities offered by the Chinese market.
"In world dynamics between Europe and China, as well as in our sector, it is hard to find that many examples of successful investments in module production. Opening the new plant acts as proof of FuturaSun's capacity in sustaining and expanding its business while operating bi-cultural dynamics," explained Barin.
During the first six months of 2019, the company registered a 70% turnover growth.
FuturaSun was founded in 2008 by a team of Italian PV managers based in the heart of the Veneto region, and started its commercial activity in 2010 – when the Italian sector was showing the first signs of accusing the crisis' blow, and was getting ready to fall the following year. As many PV big names started to disappear, FuturaSun kept working – slowly at first, and then by gaining growing momentum.
At the moment, they operate in more than 70 countries and record growth in the double figures. The Italian company's revenue peaked at 11.2 million plus an EBITDA of over 417 thousand euro in 2017, from the 339 thousand euro plus 85-thousand EBITDA in 2015.
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