TOYO Co., Ltd to Acquire Solar Module Manufacturing Facility in Texas [Yahoo! Finance]
TOYO Co., Ltd - Ordinary Shares (TOYO)
Company Research
Source: Yahoo! Finance
HOUSTON and TOKYO Nov. 25, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced it has agreed to acquire 100% of membership interests in Solar Plus Technology Texas LLC("Solar Plus") located in Houston metropolitan area, Texas , via its subsidiary TOYO Solar LLC. Key Highlights Facility details: The newly leased facility spans 567,140 square feet which we plan to accommodate 2.5 GW of solar module manufacturing capacity and further expand it to 6.5 GW by 2029. The factory construction of Phase 1 of the facility has been completed, and a portion of the required equipment will arrive by early 2025. Production timeline: The facility's first 1 GW production is expected to commence by mid-2025. Production capacity is expected to be increased to 2.5 GW by the end of 2025, in anticipation of a strong order pipeline from U.S. customers. Strategic Impact: This acquisition aligns with TOYO's mission to expand its footpri
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News
- TOYO Co., Ltd Receives TÜV SÜD and CSA Certifications [Yahoo! Finance]Yahoo! Finance
- TOYO Co., Ltd Receives TÜV SÜD and CSA CertificationsPR Newswire
- TOYO Co., Ltd Secures $150 million Contract to Supply Solar Cells to a Leading Solar Module Manufacturer [Yahoo! Finance]Yahoo! Finance
- TOYO Co., Ltd Secures $150 million Contract to Supply Solar Cells to a Leading Solar Module ManufacturerPR Newswire
- TOYO Co., Ltd to Participate in Clean Energy Conferences in NYC on December 4th and 5th [Yahoo! Finance]Yahoo! Finance
TOYO
Sec Filings
- 12/26/24 - Form 424B3
- 12/20/24 - Form 6-K
- 12/18/24 - Form EFFECT
- TOYO's page on the SEC website