AGC shuts Belgium PV glass plant

Japan's Asahi Glass will close a photovoltaic cover glass plant in Belgium in response to declining global prices for patterned glass.

Group unit AGC Glass Europe decided last week to shutter the factory in Roux, Belgium.

"Operating losses at the site are unavoidable" because falling prices in the PV cover glass market have contributed to overcapacity in the sector, Asahi Glass said in an online statement.

The Tokyo-based company expects to record roughly ¥4.7bn ($46.4m) in expenses related to the plant closure.

A spokesperson tells Recharge that the company has not decided what to do with the 190 people who work at the Roux plant, but said that some of them may be transferred to other Asahi Glass factories in Europe.

Asahi Glass says its new 225W Lightjoule solar panels are roughly 50% lighter than most PV modules because of its cover glass. It says the panels are mainly designed for rooftop installations.

US backs 300MW Myanmar solar

28 August 2014 01:05 GMT

Hareon unveils 600MW solar plan

28 August 2014 05:39 GMT

RET plan to 'smash investment'

28 August 2014 10:08 GMT

IEA warns of RE headwinds

28 August 2014 07:33 GMT

Kepco may build Korea-Japan cable

28 August 2014 06:22 GMT

NY governor weighs RE tax break

27 August 2014 10:48 GMT

OneRoof seals $58m solar fund

27 August 2014 02:16 GMT

Yingli Solar in 66MW UK deal

27 August 2014 08:57 GMT

Hareon unveils more PV plans

27 August 2014 03:22 GMT

11.7GW of US PV in 2019: Lux

26 August 2014 01:50 GMT

Norway's Scatec Solar eyes IPO

26 August 2014 02:15 GMT

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine