China's Flat Glass to Invest USD261 Million in PV Module Cover Glass Project
Tang Shihua
DATE:  Mar 23 2019
/ SOURCE:  yicai
China's Flat Glass to Invest USD261 Million in PV Module Cover Glass Project China's Flat Glass to Invest USD261 Million in PV Module Cover Glass Project

(Yicai Global) March 22 -- Flat Glass Group has decided to spend CNY1.8 billion (USD261 million) building the second phase of a project for photovoltaic module cover glass in eastern China.

Anhui Flat Solar Glass, a wholly owned unit, will sign an investment agreement with the Fengyang city government, in the eastern province of Anhui, Flat Glass said in a statement today.

The next phase of the project will build two PV glass furnaces with a daily melting capacity of 1,200 tons and lines for supporting raw materials and deep processing production, with annual output capacity of 750,000 tons, the Zhejiang province-based company said.

The investment will guarantee Flat Glass' ability to supply PV module glass, and further increase the firm's share of the PV glass market by taking advantage of the low cost of large melting furnaces, it added.

Total investment for the project's two phases is about CNY2 billion. The plan is to build three PV glass melting furnaces and supporting raw materials and deep processing production lines with an annual production capacity of 900,000 tons. The first melting furnace, with a capacity of 1,000 tons, in the initial phase began operation in January last year, public information shows.

The company will be able to supply glass for 43 gigawatt PV modules after its production facilities in Jiaxing in Zhejiang, Fengyang and Vietnam all enter operation, Chairman Ruan Hongliang said at the launch ceremony for the first-phase project.

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Keywords:   Flat Glass Group