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Date: 19-02-14

Fuji Electric to sell its solar PV cell business to FWAVE

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.

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