Page 34 - Bullion World Issue 12 Volume 05 December_2025
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Bullion World | Volume 5 | Issue 12 | December 2025
From Water to Sunlight -
Haitian Group’s Journey
Toward a Brighter,
Sustainable World
Haitian Group owns and operates the ex-Heraeus series-recognized globally for precision, consistency,
PV silver-paste business in Shanghai and Singapore; and high conversion efficiency-has powered solar
the Shanghai site was built for ~3,000 t/yr and serves cell production across PERC, TOPCon, and HJT
as the primary manufacturing/R&D base now under technologies.
Haitian Group.
By inheriting this legacy, Haitian Group gains not
In a landmark move that has reshaped the global only a technological edge but also a legacy of trust
photovoltaic materials landscape, Haitian Water Group built with the world’s top solar manufacturers. With
Co., Ltd.-a name long synonymous with advanced operations in Shanghai and Singapore, the business
water treatment and environmental solutions-has boasts an estimated annual production capacity
made a powerful entry into the solar technology sector. of 3,000 tonnes of solar pastes, supported by
Through its newly established division, Haitian Group, sophisticated R&D and application laboratories.
the company has taken over one of the most respected
silver paste portfolios in the world: the photovoltaic Today, under Haitian’s stewardship, the former
metallization business of Heraeus, Germany’s Heraeus portfolio is being re-energized-combining
pioneering solar materials specialist. German innovation, Asian scalability, and Chinese
manufacturing excellence. This integration gives
The acquisition, valued at approximately CNY 502 Haitian Group the scale and agility needed to serve
million (USD 68.5 million) and completed in May 2025, the evolving demands of the n-type PV era, where
included Heraeus’s entities in Shanghai and Singapore, ultra-fine printing, low silver consumption, and high
effectively transferring world-class R&D, production reliability are critical success factors.
facilities, patents, and customer relationships to the
Haitian fold. This strategic step marks Haitian’s evolution Technology that Defines the Future
from an environmental engineering company into a At the heart of Haitian Group’s success lies a robust
global player in advanced renewable materials-and suite of next-generation metallization technologies,
signals its intent to anchor itself firmly in the high- designed to match the speed of change in the solar
growth solar ecosystem. cell landscape:
• Fine-Line Screen Printing: Achieving ultra-narrow
A Legacy of Excellence, Reimagined fingers (<20 μm) with stable rheology for high-
For over a decade, Heraeus Photovoltaics stood as yield, high-speed lines.
an innovation leader in conductive silver pastes used • TOPCon-Compatible Pastes: Engineered for
for solar-cell front contacts and busbars. Its SOL contact with poly-Si/tunnel oxide structures,
offering low contact resistivity and superior
adhesion.
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