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Jul 3rd, 2014
AGC to close its Belgian photovoltaic glass manufacturing facility
AGC (Asahi Glass Co., Ltd.; Head Office: Tokyo; President & CEO: Kazuhiko Ishimura) announces that the AGC Group has decided to terminate the production of photovoltaic cover glass (patterned glass) at the Roux plant, which is operated by AGC Glass Europe, a consolidated subsidiary of AGC, and shut down the plant.
The photovoltaic cover glass market has seen continuous price decline due to oversupply, which resulted in deteriorating profitability of the Group’s business. Since operating losses at the site are unavoidable, the AGC Group has concluded that it has to urgently revise the Group’s production to meet the market environment, and it would be impossible to convert the plant to other type of production.
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