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Wuxi DK Electronic Materials Co., Ltd. (DKEM) will get a 60% solamet stake. The Chinese silver provider says it’s supposed to grasp the patent of the photo voltaic paste and world consumer base between margin pressures.
PV Silver Popte has revealed Dkeem to get a 60% fairness stake in Chinese Competitor Solamet Electronic Materials for CNY 696 million ($ 96.6 million) in money. When the transaction closes, the solamet could be a majority owned by DKEM, which marks a strategic growth of the technological and business step of the DKEM.
Solamet Electronic supplies obtained the enterprise of Solamet PV Paste on July 2021 from Dupont, with greater than 40 years of digital operation abilities. The firm is well known as a pioneer of steel supplies in PV, with superior glasses of glass, silver system, and natural techniques, supported by a worldwide patent portfolio.
Its merchandise, together with the entrance aspect and the aspect spel Silver Pastes, utilized in quite a lot of photo voltaic (n-bstf), tunnel), tunnel), tunnel), skinny movie cells. Its consumer consumer consists of main producers comparable to Jinkosolar, Longi, and Ja Solar.
The recorded solamet recorded in CNTE 1.26 billion in 2023, with a lack of internet CNY 12.6 million. It has been returned to the revenue of 2024, reporting CNY 3.55 billion revenue and CNY 50.9 million in internet revenue from CNY 1.60 billion 2.44 billion. Its debt stage additionally will increase, from CNY 530 million to CNY 1.79 billion.
Solamet creates 229 lively patents world wide, claiming the main place of PV paste know-how. The PB-Te-or Glass Frit Formulation underneath silver pastes utilized in P-type BSF, Perc, and mainstream n-type topcon cells. In 2023, it has change into the primary firm of mass pastes that embrace injective of laser service for topcon, an enchancment that’s more and more enhanced cell competitors.
The firm additionally developed silver copper for HBT and HBC ultra-low-temptes cells for Tandems in R & D pipple-metal.
While DKEM is a number one provider of Chinese in PV Silver Paste and a powerful participant on the topcon half, it’s nonetheless the reserves of patent and superior know-how reserves. To declare DKEM to incorporate IP portfolio, R & D R & D capabilities, and model recognition its complete technical and setting the chain of photo voltaic worth.
Deal comes whereas DKEM is going through revenue pressures. In the primary quarter of 2025, the corporate reported CNY 4.06 billion revenue, by 11.3% 12 months of 12 months. However, the online revenue that shareholders have fallen 80.3%, and gross margin has decreased from 10.65% to six.94%. The firm says it’s anticipated to be anticipated by synergies from claiming to assist restore revenue and help world enlargement.
By absorbing the experience of the Solamet and Global Market Ties, DKEM bets a vertical built-in, ip-rich mannequin to navigate to extend prices enhance.
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