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Home » Solar » Delta Electronics (Thailand) to raise $70 million-Invest in Chennai, India plant to make Solar Inverters

Delta Electronics (Thailand) to raise $70 million-Invest in Chennai, India plant to make Solar Inverters

Delta Group is the world’s leading provider of power management and thermal management solutions, as well as a major source for components, visual displays, industrial automation, networking products, and renewable energy solutions. The Telecom Power Solutions Business Unit is a power system provider, and the global partner of choice for telecom network manufacturers, operators and integrators.

The company earlier this year introduced Hybrid Renewable Energy Solutions (RenE) for telecom customers to optimize green energy.

According to reports, Delta Electronics (Thailand), the largest SET-listed electronics firm, plans to raise its capital expenditure to US$70 million (2.11 billion baht) this year, from $40 million spent last year, mainly for building new plants in India and Slovakia.

Chief financial officer Yu Po-wen said the company would invest $25 million on land and construction of its new plant in Chennai, India and a second plant in Slovakia on top of $32-35 million spent every year to maintain production.

Last year, Delta spent $40 million, including $12 million for building its Gurgaon plant near New Delhi, which opened officially yesterday.

The Chennai plant and the second Slovakia unit, which would make solar inverters, are expected to start production in mid-2012, he added.

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