JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has opened a solar module factory in Cape Town, South Africa.
Located in 2 Evans Avenue, Epping Industrial 1, Cape Town, the factory covers an area of 5,000m2.and has annual production capacity of 120MW. JinkoSolar invested a total of approximately USD7.5 million in the factory which is expected to create 250 jobs. Modeled after its state-of-the-art Chinese production facilities in China, the Cape Town factory will employ measures to ensure the highest quality PV module production process.
"We are proud to be the first foreign solar manufacturer to have built production facilities in South Africa," commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer. "Since winning our first South African tender in 2012, JinkoSolar has become the market leader having sold over 300MW to date. The completion of this factory highlights JinkoSolar's strong capital base and ability to diversify its global manufacturing facilities geographically. The factory will also enhance JinkoSolar's global production chain allowing it to serve customers across the region with local content. We are committed to providing the highest quality products and services to our customers around the world as we work to increase shareholder value over the long-term."
