Giga Solar to ship silver-aluminum paste in 2Q10

Nuying Huang, Taipei; Willie Teng, DIGITIMES [Wednesday 5 May 2010]

Giga Solar Materials, a Taiwan-based maker of photovoltaic conductive paste, will begin shipping silver-aluminum paste in the second quarter with China as the main market, according to the company.

Giga Solar's 2009 revenues jumped 1560.56% to NT$785 million (US$24.91 million), of which 95% came from its aluminum paste business. After-tax profits reached NT$241 million or NT$17.21 per share on 49.85% gross margin.

Total aluminum paste shipments reached 515MT (metric tons) in 2009 and 1,000MT is projected for 2010.

First-quarter after-tax profits were NT$161 million or NT$8 per share.

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