Jinko Solar Boosts Yiwu Speed

Post Time: 2020-05-08
     On April 21, production workers at the Yiwu site of Jinko Solar (NYSE: JKS) were busy installing and commissioning the first laminate equipment that had arrived just one day prior. But five months ago, the place where they are now was only a piece of barren land. 

“The construction project officially came on site on December 18, 2019, and only five months after, on April 20, 2020, the first batch of equipment arrived from Qinhuangdao, Hebei. The second batch of refrigeration units also arrived, which according to the plan will be put in the power facilities area. The installation of the equipment will be carried out at the same time as the construction of the peripheral wall of the plant,” Zhang Hong, director of operations at Jinko, said. He also said that, based on the current progress, they would be able to launch trial production on May 28.

The construction is expected to be completed early so the production can be commenced soon after. As Zhang explained, usually constructing a dust-free plant like this one requires at least one year. The completion of this project is expected to take only six months. With the time reduced by half, the cost savings are immense. Such speed is unprecedented in this industry. 

“The construction work involves various aspects. Without the full support of the municipal party committee and government, the project construction will definitely be much slower,” said Zhang. On September 13, 2019, Jinko and the Yiwu government formally signed an investment agreement. Only two months later, the Jinko Yiwu site began its preparation work to procure the land.

Even COVID-19 did not slow down the pace of construction. Staff from the district administration explained the related policies for the company and helped solve the problem of working passes, allowing the company to deploy its workers in place in a timely manner. Meanwhile, administration work did not drag the pace either. The nanny-style service from the government saved a lot of time-consuming administrative processes.

In an office of the Jinko Yiwu site, a chart hanging on the wall clearly laid out the project’s monthly schedule, approvals and other items. “The project is progressing perfectly on schedule due to the preparedness from all perspectives,” said Zhang. 

Jinko Solar is one of the world’s largest manufacturer of photovoltaic modules. In the first quarter of 2020, although affected by the pandemic, the company still ranked first in exporting modules in this industry sector. 

The total investment for the construction of the new site is 11 billion RMB, with 60 hectares of land. The first phase of the project is scheduled to start production in May 2020, and the second phase in May 2022. When the two phases of construction are complete, the project is expected to generate an annual output value of 30 bn RMB and an annual tax of about 900 million RMB. (By Wang Ting, translated by Lin Yuqin, edited by Mariam Ayad)

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