new PV solar cell producer in Korea who is HanWha Chemical

major chemical manufacturer in Korea, HanWha Chemical Co., Ltd, will be produce PV solar cell at Jan. 2010, already completely set up factory of PV solar cell 30MW in Ulsan Korea

it's his first factory and will be expand 330MW/year until 2012

every people has know that PV solar market is very bad this new producer can be competition with major old producer in worldwide?

who is beginner PV solar cell, didn't has any business relationship PV solar cell and module value chain before

Hanwha Chemical is some big chemical company in Korea, no one or two producer of PVC, DOP & LDPE in Korea total sales volume is 1 billion USD the last year and has investment just 30million USD for this first factory, it's small amount than his sales volume

but in the further need a lot money for expand capacity of PV solar cell if can't expand capacity can't survivor in hardly competition It's his problems

local PV solar market is very sharply drop down in this year because new Korea government President Lee Myung Bak has change policy to PRS(Renewable Portfolio Standard)from FiT(Fee in Tariff) and limited cap per year for PV solar electricity power generation

Worldwide market is very hardly competition because over supply capacity and lower demand

this new producer will be meet with very unkind market very soon