Q-Cells is a German manufacturer of photovoltaic (PV) cells headquartered in Bitterfeld-Wolfen, Saxony-Anhalt, Germany. Q-Cells was established in 1999. Its core business is the development, production and marketing of (mono- and multi-) crystalline silicon photovoltaic cells.
Since commencing production in 2001, Q-Cells now employs about 1500 people at its site in Bitterfeld-Wolfen, Saxony-Anhalt, Germany. In its newest solar cell factory in Selangor, Malaysia, further 1000 people are employed. Q-Cells produced 537 MW of PV cells in 2009. In 2010, the output was increased to 939 MW. Thereof 482 MW was produced in Germany. So nearly half of the production took place in Malaysia.
However the company has suffered from the supply of cheap solar products from China. After reporting a €846m net loss in 2011 Q-Cells filed for insolvency on April 3, 2012. On July 18, its creditors unanimously approved that the company is to be continued. On August 29, Q-Cells was acquired by Hanwha, in an agreement that is subject to approval by anti-trust authorities. Transaction between Hanwha Korea and Q.Cells GmbH completed effective 18 Oct 2012 and a ceremony held in its Cyberjaya Plant on 2 Nov 2012 to officially announce Hanwha Q.Cells Malaysia.