Funds raised for Ultra-fine Tungsten alloy wire production in PV

Tungsten wire diamond wire is anticipated to be the primary focus of future development in the industry. Image Credit kesolar.

Xianglu Tungsten Industry plans to raise 840.8871 million yuan for a project producing ultra-fine tungsten alloy wire for photovoltaics. The focus on diamond wire, a core consumable in silicon wafer cutting, aligns with industry trends toward larger, thinner, and N-type silicon wafers. With domestic PV silicon wafer manufacturers adopting tungsten wire busbars, the company aims to secure a market share with the annual output of 30 billion meters of ultra-fine tungsten alloy wire production project for photovoltaics. Despite a dip in net profit, the initiative is expected to enhance long-term profitability.