JA Solar creates Brazilian unit to grow LatAm presence

Chinese solar products maker JA Solar Holdings Co Ltd (NASDAQ:JASO) has set up a subsidiary in Brazil in a drive to further capture incremental business opportunities in Latin America.

JA Solar has been doing business in Brazil since 2015. Through the newly-established unit, JA Solar Brazil Ltda, the company will be able to provide timely logistics support and customised services to its local customers. In addition, the new office will focus on consolidating partnerships with local and international sector players such as Engie SA (EPA:ENGI), Multi Aquecimento, Faro Energy and Enel SpA (BIT:ENEL), while also providing support for marketing activities and developing and managing sales activities.

The Brazil office will start operations early next month. The company also recently created a unit in Mexico, called JA Solar Mexico SA de CV.

"The launch of JA Solar Brazil will enhance our ability to serve our customers, strengthen our strategic partnerships in the region, and further increase brand awareness in Brazil as well as in the Latin American market,” said Baofang Jin, chairman and CEO of JA Solar.

Earlier this month, Jin, through his Jinglong Group Co Ltd, made a non-binding proposal to to buy out JA Solar for USD 6.80 (EUR 6.07) in cash per American depositary share (ADS), or USD 1.36 per ordinary share.

(USD 1.0 = EUR 0.893)

Choose your newsletter by Renewables Now. Join for free!