Chinese producer Longi mentioned it has not closed its manufacturing facility in Malaysia, nor has it stopped its manufacturing strains in Vietnam, however it has acknowledged that it’s implementing manufacturing adjustments at these amenities.
Longi has denied that it plans to shut a few of its manufacturing amenities in Southeast Asia, in response to rumors on a number of Chinese social media platforms.
The firm mentioned it is not going to progressively shut the panel manufacturing facility in Malaysia, nor will it cease operations at 5 manufacturing strains in Vietnam. It additionally mentioned that Yingfa Group’s sale of two cell manufacturing strains, together with gear and amenities, has been halted.
“We function in a posh atmosphere,” a Longi spokesman mentioned pv journal. “Based on our insights and evaluation of the important thing drivers of the worldwide photovoltaic market and insurance policies, and to advertise an agile manufacturing mannequin, the corporate continues to push for digital upgrades and technological change on this planet’s factories. This has resulted in adjustments in manufacturing plans in varied regional bases.”
Longi mentioned they’re taking varied measures reminiscent of “cross-base assist and rotating shifts to reduce the affect of changes to the manufacturing plan on staff and to make sure that their authorized rights are protected.” The firm admitted that it “ought to modify manufacturing preparations based mostly on market adjustments and the progress of upgrades and repairs to its gear.”
Longi’s manufacturing changes in Southeast Asia aren’t remoted incidents. Several Chinese PV corporations with investments in international locations reminiscent of Vietnam, Malaysia, and Thailand are rumored to be adjusting capability or halting manufacturing. This is as a result of present overcapacity and excessive stock ranges within the business, but additionally to the announcement by the US Department of Commerce on May 16 of anti-dumping and countervailing responsibility investigations into crystalline silicon PV cells from Cambodia, Malaysia, Thailand, and Vietnam.
The US authorities is anticipated to difficulty a preliminary countervailing responsibility ruling on July 18, 2024, and a preliminary anti-dumping ruling on October 1, 2024.
During a media briefing this week, Longi President Li Zhenguo addressed the rumors, saying they had been “unfaithful.” He famous that the US authorities’s willpower to carry manufacturing again to native shores is obvious. Due to the uncertainty of the geopolitical atmosphere and commerce safety traits, Longi will proceed to rigorously look at manufacturing preparations, however “has not but made a remaining resolution.”
In March, Longi revealed plans to cut back its world workforce on account of a “more and more aggressive atmosphere” within the photo voltaic business. “To adapt to market adjustments and enhance organizational effectivity, Longi is optimizing its workforce,” an organization spokesperson mentioned. pv journal at the moment. “The anticipated fee of job discount is about 5% of complete staff, and the knowledge circulating on-line about our firm’s ‘30% layoff’ plan is fake.”
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