Fuyao Glass’s Subsidiary to Launch Phase II of PV Glass Production Project

PVTIME – Recently, Fuyao Glass Industry Group Co., Ltd.(600660.SH) declared that its subsidiary in European does not manufacture photovoltaic glass. Instead, a wholly-owned subsidiary of Fuyao Glass located in the United States produces phtotvoltaic module back glass with an annual output and sales volume of about 60,000 to 70,000 MT.

Currently, the second phase of PV back glass production line is under preparation, with an estimated production capacity of about 70,000 MT, in the U.S.

In May 2021, Fuyao Glass received HK$4.338 billion from the placement, 10% of which was used to expand the photovoltaic glass market. The company planned to further expand the solar glass market over the world via its wholly-owned subsidiary located in the United States with professional technology and production capacity.