Korea’s SHS Global Group recently declared that it has signed a Memorandum of Understanding (MoU) with Vietnam's Gia Dinh Group to mutally invest in a factory for producing solar cell components encapsulation films in Vietnam.
The two companies plan to invest USD 40 million in the first phase to build a 5 GW capacity solar cell encapsulation films factory, which is scheduled to begin operations in the second half of 2025. Furthermore, they also plan to expand the business to a cumulative capacity of 50 GW by 2030.
