Asian Activities Report for February 7, 2012: GCL-Poly Energy Holdings (HKG:3800) Forms a Joint Venture with NRG Solar to Enter the US Solar Market
Sydney, Feb 7, 2012 AEST (ABN Newswire) - GCL-Poly Energy Holdings Limited (HKG:3800), a leading polysilicon and wafer supplier as well as a top green energy enterprise in China, has formed a 50:50 joint venture named Sunora Energy Solutions 1 LLC ("Sunora"), with NRG Solar, one of the largest photovoltaic ("PV") project developers in the United States. Sunora will seek to build selected projects developed by NRG Solar using GCL-Poly's performance-optimized PV system equipment and NRG's proprietary advanced racking technologies. GCL-Poly aims to participate in the fast-growing US solar market through this partnership.
Hutchison Whampoa Limited (HKG:0013) says that its subsidiary Hutchison 3G Austria ("3 Austria") has signed a binding agreement to acquire 100% of Orange Austria. After the acquisition 3 Austria will become a top 3 player in the Austrian market, with 2.8 million customers and a market share of 22%. Customers in Austria will benefit from 3 Austria's superior high speed data network coverage and quality through the improved spectrum position, retail footprint and efficiencies that the combined businesses will generate.
Furukawa Electric (TYO:5801) has completed the acquisition of SuperPower Inc., a US-based manufacturer of second generation high temperature superconductivity wire. Through this acquisition, Furukawa Electric plans to provide superconducting wire and develop applied superconductor devices for the smart grid, alternative energy and industrial sectors.
Tokyo Electron Limited (TYO:8035) plans to set up a wholly owned subsidiary in Singapore, called Tokyo Electron Singapore PTE Ltd., on April 1, 2012. The new subsidiary will engage in the sales and services support of semiconductor production equipment and parts in Singapore and other Southeast Asian nations to strengthen the Company's sales performance in Southeast Asia.