Luoyang Glass starts construction of solar photovoltaic cell packaging material project
2022-09-15 17:58:51 [Print]
Luoyang Glass recently announced that CNBM (Luoyang) New Material Co., Ltd., a wholly-owned subsidiary of the company, officially started the construction of the solar photovoltaic cell packaging material project on September 14, 2022. With a total investment of 2.3 billion yuan (330 million US dollars), the first phase of the project is planned to build two 1,200-ton-per-day solar photovoltaic cell packaging material substrate production lines and supporting deep-processing production lines. After the project is completed and put into operation, it can produce 137 million square meters of highly transparent solar photovoltaic cell packaging material annually.
On the same day, the company announced that it planned to purchase 100% equity of Formosa Glass Fujian Photovoltaic Glass Co., Ltd. with a cash of 422 million yuan (60.56 million US dollars), which would effectively expand the company's photovoltaic glass production capacity.
On the same day, the company announced that it planned to purchase 100% equity of Formosa Glass Fujian Photovoltaic Glass Co., Ltd. with a cash of 422 million yuan (60.56 million US dollars), which would effectively expand the company's photovoltaic glass production capacity.
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