• Ángel Luis Serrano, the company’s President, signed on 25 February a Memorandum of Understanding (MOU) with Lancaster group CEO, Mr Nurzhan Janabekov.
• Through this MOU, ISOFOTÓN is allowed to develop PV and polisilicon projects in Kazakhstan in order to serve Central Asia demand, providing as well technology input in cooperation with Centesil and reaching vertical integration of the value chain
• This agreement confirms the continuity of ISOFOTÓN's international expansion, a key aspect of its business strategy, as it is one of the first manufacturers of photovoltaic modules worldwide to launch a project of these characteristics on Kazakhstan market
February 26, 2013 – ISOFOTON announces the signing of a Memorandum of Understanding (MOU) with Lancaster group. Present at the signing on 25 February were Lancaster Group, Mr Nurzhan Janabekov and Ángel Luis Serrano, President of ISOFOTÓN.
Ángel Luis Serrano, President of the company, has remarked the importance of this agreement as a "key step in reinforcing our international presence, in this case on the Central Asian market, and reaching the integration of all the value chain within PV business, something capital nowadays and that demonstrates our strength and flexibility".
Experience and expansion throughouht Asian region
ISOFOTON currently has 1,500MW of projects in the pipeline for the next two years. In November 2012 a new production site was inaugurated in Ohio (USA) with 50-MW capacity that is foreseen to increase to 300MW. In addition, as well to strengthen its position in the Latin American market, ISOFOTON has already reinforced its position in Asia, recently announcing the opening of a new office in Singapore to impulse PV business in Australia and South East Asia region, as well as developing remarkable projects in Japan.