Fuji Electric Co., Ltd. has entered into an agreement to transfer its solar PV cell business to FWAVE Company, Ltd, a Japanese company wholly owned by ZinniaTek Limited of New Zealand.
FWAVE is acquiring the land, buildings, production facilities in Kumamoto Factory and the R&D equipment in Chiba Factory, Fuji Eectric.
FWAVE is planning to continue solar PV cell production at the Kumamoto Factory, and will pursue business expansion through new sales and product initiatives.
