Mascotte, Hareon to Build Solar Cell Production Plant in Taiwan

Mascotte Holdings Ltd. (136), a maker of solar-grade silicon in Taiwan, plans to build a plant with Hareon Solar Technology (600401) Co. to produce 300 megawatts of solar cells annually in Taiwan.

The companies also plan to develop solar power projects together, Mascotte said today in a statement to the Hong Kong stock exchange. Investment details weren’t disclosed.

Hareon, which makes solar cells and modules in China and develops solar farms, will provide its project management experience, according to the statement.

Mascotte’s businesses include investment and trading of securities and the provision of finance and property investment. The company is expected to contribute land, buildings and capital expenditure for the production facility, according to the statement.

To contact the reporter on this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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