3.8 Billion Yuan! Flat Glass to Invest in 4*1200 MT Large-Scale Glass for Photovoltaic Module

PVTIME – On March 30, Flat Glass Group Co., Ltd. (601865.SH), a leading Chinese solar PV glass manufacturer, announced that its wholly-owned subsidiary Anhui Flat plans to invest in PV glass project with a total investment of 3.8 billion yuan, in order to ensure the supply of ultra-thin photovoltaic glass production capacity and meet the demands of glasses for large-size photovoltaic modules.

According to the announcement, the Anhui Flat expected to build 4 new towers with a daily melting capacity of 1,200 MT of glasses for the usage of photovoltaic modules. The project will be located in Fengning Modern Industry Park, Chuzhou City, Anhui Province, China.

Flat stated that it would like to follow the development of photovoltaic glass market and further increase its market share of photovoltaic glasses with this investment. Meanwhile, it will enable the company to benefit from economies of scale, which is in line with the company’s strategic development plan.

Through nearly twenty years of efforts, Flat Glass Group becomes a large-sized glass corporate group with total assets of RMB 6 billion and an integration of research and development, manufacturing and further processing of glass. Main products of Flat are involved in four fields, photovoltaic glass, float glass, architectural glass and household glass, and construction of solar photovoltaic power station and exploitation of quartz rock ore. Thus, relatively complete industrial chain has been formed.