$290 Million! Flat Glass to Set PV Glass Production Projects in Jawa Tengah of Indonesia

PVTIME – On 13 November 2023, Flat Glass Group Co., Ltd. (601865.SH, 06865.HK), a leading Chinese solar PV glass manufacturer, announced that it will invest a total of approximately US$290 million to build two photovoltaic module cover glass production projects with a melting capacity of 1,600 tonnes per day in Jawa Tengah, Indonesia.

The projects, which are designed to meet the growing demand for PV glass in the overseas market, will be launched by Indonesia Flat Photovoltaic Co., Ltd, a wholly owned subsidiary of Flat Glass Group. The new investment is expected to expand its PV glass production capacity, especially in Indonesia, to reduce costs. It will enhance Flat Glass’ risk resistance and help it achieve sustainable development with stable operation.

Through nearly twenty years of efforts, Flat Glass Group has become a large-scale glass enterprise group with total assets of 6 billion yuan, integrating research and development, manufacturing and processing of various types of glass. Its main products include photovoltaic glass, float glass, architectural glass and household glass, as well as solar photovoltaic power plant construction and quartz rock ore exploitation. Thus, Flat Glass Group has formed a relatively complete industrial chain in the industry.

 

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