Hanergy: Allow At That Spot Hold Out No Doubt
Background: Hanergy is a large cap solar jail cellphone manufacturer that has been suspended on the Hong Kong market. The biggest shareholder supposedly lost USD14 billion inwards i day.
Now that Hanergy has been suspended I tin laissez passer on the axe permit these out.
I went to view Hanergy's primary manufacturing flora inwards China well-nigh a half-dozen weeks ago. It was almost exclusively silent. There was essentially no production of solar cells at all as well as the accounts that propose pregnant production as well as sales are exclusively fraudulent.
There was some bear witness that somebody was exploring starting production - as well as I volition larn to that - but the manufacturing flora was almost exclusively idle.
Here are a few photos.
This is the plant. There were almost no cars despite a vast auto park. All gates except i were locked.
There was a unmarried truck beingness loaded alongside solar cells - as well as thence at that topographic point was *some* production. However this truck was beingness loaded when nosotros arrived as well as all the same at that topographic point when nosotros left ii hours later. This flora if it had whatever production at all had it precisely a lawsuit basis. The accounts that propose substantial production are false.
This is some other photograph of the primary motion to the plant. One auto was parked. There was no movement.
This I flora especially bizarre. There were solar cells railroad train some the flora Some of them were railroad train inwards triangle-patterns. This is the precisely house I accept always seen solar cells railroad train as well as thence that they are non orientated towards the sun.
I walked some the enormous plant. Not a truck went past times as well as the precisely people nosotros saw except at the side were the gardeners. (There were several of them - as well as nosotros asked them if it always got whatever busier. They confirmed it did not.)
However on the side at that topographic point was a shaded expanse alongside some motorbikes parked - which propose that the flora is non exclusively idle. Just almost.
Strangely ii white guys walked out of the plant. I intend they were Americans trying to sell some technology scientific discipline - mayhap sales guys from AMAT - but I am precisely guessing. I tried to betoken for them to come upwards over but they did not.
There has been much press that compares Hanergy to other solar companies as well as suggests at that topographic point may hold upwards disruptions inwards the marketplace for panels. Garbage I say. The correct comparing is Sino Forest or Longtop Financial Technology.
Hanergy barely existed.
John
Disclosure that volition annoy my clients. Despite sitting on these nosotros were non curt Hanergy. Too much squash jeopardy for my liking.
Now that Hanergy has been suspended I tin laissez passer on the axe permit these out.
I went to view Hanergy's primary manufacturing flora inwards China well-nigh a half-dozen weeks ago. It was almost exclusively silent. There was essentially no production of solar cells at all as well as the accounts that propose pregnant production as well as sales are exclusively fraudulent.
There was some bear witness that somebody was exploring starting production - as well as I volition larn to that - but the manufacturing flora was almost exclusively idle.
Here are a few photos.
This is the plant. There were almost no cars despite a vast auto park. All gates except i were locked.
There was a unmarried truck beingness loaded alongside solar cells - as well as thence at that topographic point was *some* production. However this truck was beingness loaded when nosotros arrived as well as all the same at that topographic point when nosotros left ii hours later. This flora if it had whatever production at all had it precisely a lawsuit basis. The accounts that propose substantial production are false.
This is some other photograph of the primary motion to the plant. One auto was parked. There was no movement.
This I flora especially bizarre. There were solar cells railroad train some the flora Some of them were railroad train inwards triangle-patterns. This is the precisely house I accept always seen solar cells railroad train as well as thence that they are non orientated towards the sun.
I walked some the enormous plant. Not a truck went past times as well as the precisely people nosotros saw except at the side were the gardeners. (There were several of them - as well as nosotros asked them if it always got whatever busier. They confirmed it did not.)
However on the side at that topographic point was a shaded expanse alongside some motorbikes parked - which propose that the flora is non exclusively idle. Just almost.
Strangely ii white guys walked out of the plant. I intend they were Americans trying to sell some technology scientific discipline - mayhap sales guys from AMAT - but I am precisely guessing. I tried to betoken for them to come upwards over but they did not.
There has been much press that compares Hanergy to other solar companies as well as suggests at that topographic point may hold upwards disruptions inwards the marketplace for panels. Garbage I say. The correct comparing is Sino Forest or Longtop Financial Technology.
Hanergy barely existed.
John
Disclosure that volition annoy my clients. Despite sitting on these nosotros were non curt Hanergy. Too much squash jeopardy for my liking.
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