October 22, 2007 – Fuji Electric Holdings Co. plans add up to six new production lines over the next five years, at a cost of 37 billion yen (US $323.4M), to expand output of solar modules.

The business initially plans to invest 7B yen ($61.2M) to add two more lines for flexible amorphous solar modules at its plant in Nankan Town, Kumamoto Prefecture, increasing output capacity from current 12MW to 40MW by next October. By 2012 the company plans to spend another 30B yen ($262.2M) to add another six production lines.

The company also is considering setting up new production sites for solar modules closer to European and Asian end markets, to more effectively tap into demand growth over the medium- and long-term, noted Fuji Electric Systems managing director Koichi Harashima, cited by the Jiji Press.