Saint-Gobain to Make Solar Panels in South Korea

Oct. 11, 2010

Joint venture with Hyundai Avancis

Construction materials group Saint-Gobain said on Oct. 11 that it would build a solar panel plant in South Korea with Hyundai Heavy Industries, one of the country's biggest companies.

The investment, for which no figure was given, will be made via an equally-owned joint venture, Hyundai Avancis, which will run a plant capable of turning out solar panels with an annual power rating of 100 Megawatts -- enough to supply a town of 15,000 people.

Saint-Gobain's Avancis unit operates a solar panel plant in Germany and is building another one there.

The South Korean factory should come on line in second quarter 2012 and Saint-Gobain said that the investment significantly accelerates its solar energy program.

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.