Germany's Q-Cells (QCEG.DE: Quote), the world's largest solar cell maker, will invest up to $3.5 billion in a new production plant in Mexico, a senior executive said on Thursday.
Q-Cells Vice President Leo van der Holst told a news conference with Mexican President Felipe Calderon that the investment would run over the medium to long term.
"This complex will be Q-Cells' production hub for the Americas," he said.
Q-Cells, which earlier this week announced it will build its first factory in Asia, is in the middle of a huge ramp-up in capacity as it plans to tap new growth markets.
Its new thin-film module plant in Mexico will be built in the northern state of Baja California, near the U.S. border....MORE