NSG to Expand Coated Glass Production Capacity to Support Solar Energy Market
The investment will fund the upgrade and restart of a currently dormant float line in Vietnam and the construction of a new glass production facility in the U.S. over the next three years.
NSG Group plans to invest a total of approximately 38 billion yen (approximately $348.3 million) in the expansion of production capacity for online transparent conductive oxide (TCO) coated glass to support the growing solar energy market. The investment will fund the upgrade and restart of a currently dormant float line in Vietnam and the construction of a new glass production facility in the U.S. over the next three years. Manufactured with online coating technology, in which a conductive oxide on the glass surface is formed during its passage through the float line, NSG’s TCO glass is reportedly durable with a wide range of applications.
The expanded global production capacity for TCO glass is expected to accelerate a shift in the company’s product portfolio toward value-added products while supporting a long-term supply agreement with First Solar, a leading provider of comprehensive photovoltaic (PV) solar energy systems. Global solar energy demand is expected to see a double-digit increase every year in the next three years, and First Solar is expanding its production capacity for Series 6, the latest thin film module system with higher efficiency and energy yield.