Alcom Solar Equipments Obtained CNY78 mln VC from Govtor

PR Log (Press Release) – Jan 21, 2009 – Jiangyin Alcom Solar Equipments Co., Ltd had signed strategic investment agreement with Jiangsu High-Tech Investment Group (Govtor) on Jan, 18, 2009 in order to maintain its leading position. The CNY78 million venture capital invested by Govtor will be used for Jiangyin Alcom’s development of solar battery fittings and solar integrated system, as well as its R&D center.


Founded in Mar, 2006, the sales revenue of Jiangyin Alcom reached CNY400 million in 2008. Its key product, aluminum frame special for solar battery panel, its precision has achieved 0.02mm, meeting the international advanced requirements. In addition, its solar frame had topped in the world successively from 2007 to 2008, accounting for 15% all over the globe. Alcom also had established the first solar fitting R&D center in Jun, 2008, and had applied for over 50 patents. Meanwhile, the first production line of solar EVA adhesive film with independent intellectual property rights, which Alcom had invested CNY80 million R&D expense, had been put into trial production in the beginning of 2009.


Govtor is one of the early provincial professional venture capital organizations in China. It has led and participated 27 professional venture capital funds in recent years, the management assets has reached CNY5 billion, and the accumulative investment projects has amounted to more than 140, as well as has helped 12 companies go public in domestic and international capital market. After the cooperation with Alcom, it will help Alcom to make, adjust and perfect the long-term development strategy, adjust optimizing business combination, integrate industry chain, and assist to establish standard management system and corporate structure, bring in strategic investors and high-grade management talents, and make up reasonable plans for going public.