Flat Glass Group Co.Ltd(601865) announced that the company’s wholly-owned subsidiary Flat Glass Group Co.Ltd(601865) (Nantong) photovoltaic glass Co., Ltd. (hereinafter referred to as “Nantong Flat Glass Group Co.Ltd(601865) “) has a total investment of about 6 billion yuan to build six photovoltaic module glass projects with a daily melting capacity of 1200 tons. The project is divided into two phases. The expected ignition time of phase I project is 2023 and that of phase II project is 2024. This investment is to meet the market demand for large-scale photovoltaic modules and provide capacity guarantee for the market penetration of double glass modules; At the same time, it is also conducive for the company to seize the development opportunity of photovoltaic glass market and further improve the market share of photovoltaic glass with the help of the cost advantage and differentiated product positioning of large kiln furnace.
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