In February Centrosolar – which makes modules, glass and is a significant downstream integrator – unveiled a sweeping restructuring programme aimed at riding out the current industry downturn.
As part of that programme, Centrosolar said it would reduce output at its German glass facility. Together, its German and Chinese glass plants boast an annual capacity of 8 million sq metres.
But the Munich-based company now says it will discontinue its glass operations, which contributed 17% of its €227m of revenues last year.
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