Chinese industrial equipment maker J.S. Machine has secured a USD49.1 million contract to supply manufacturing gear to the US solar panel factory being built by photovoltaic module giant Trina Solar.  J.S. Machine’s Singapore subsidiary will provide Trina Solar’s US subsidiary Trina Solar US Manufacturing Module 1 with solar module manufacturing equipment and production lines, the Jingshan-based supplier said today. The value of the contract is around 7.2 percent of J.S. Machine’s audited revenue last year.  

Although no details were given about the new plant in the announcement, Changzhou-based Trina Solar said in September that it is building its first US production facility in Wilmer, Texas at a cost of USD200 million. The factory, which will have a designed capacity of 5 gigawatts a year once up and running, should be completed next year.

J.S. Machine’s unit Suzhou Shengcheng Solar Equipment, which make solar panel production equipment and provides integrated solutions for factory construction, already supplies US clients such as Heliene, the firm said in its 2022 financial report. Shengcheng is the go-to supplier for large PV plants with a yearly output of more than 5 gigawatts, it added.

J.S. Machine logged a 46.4 percent jump in revenue from its PV equipment business last year from the year before to CNY3.2 billion (USD460.1 million), accounting for 66.9 percent of the firm’s total revenue that year, according to the financial report.

J.S. Machine’s share price [SHE: 000821] closed down 1.6 percent at CNY13.95 (USD2) apiece today. 

（Picture: Veer）