LG Electronics, Conergy Form Joint Venture For Solar Cell Production

South Korea-based electronics maker LG Electronics Inc. is forming a joint venture with Conergy AG to produce solar cells. In concert with the announcement, LG is acquiring a 75% stake in Conergy's solar cell plant in Frankfurt an der Oder, Germany.

The partnership with Conergy, Germany's second-largest solar company, is expected to officially begin by the end of the year, following a due diligence period, LG says.

SOURCE: LG

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