PVTIME – On August 2nd, Zhuzhou Kibing Group Co., Ltd. (Kibing Glass)(601636.SH), one of the largest glass producers in China,disclosed that it has increased the capital of Chenzhou Kibing Photovoltaic Electronic Glass Co.,Ltd.(Chenzhou Kibing PV), its wholly-owned subsidiary, with its own capital of CNY 900 million to increase its production capacity of PV glasses.
According to the proposal released on June 17, 2022, the registered capital of Chenzhou Kibing PV company is planned to be increased from CNY 2.41826 billion to 3.21826 billion as the capital increased, and Kibing Glass still holds 100% equity of this subsidiary. The funds will be used for supporting the production project of solar glasses as the two production lines of high transparent substrate material for photovoltaic module with production capacity of 1200 MT/day each built by Chenzhou Kibing PV company kicked off on April 8, 2022.
Kibing Glass, as a leading glass R&D, production and marketing integrated innovative national high-tech enterprise, would like to lay out the photovoltaic glass industry chain with domestic and overseas cooperators, and is driving a number of advanced manufacturing projects in PV industry.