Saint-Gobain, Hyundai Heavy Industries Form Joint Venture

Saint-Gobain and Hyundai Heavy Industries Co. Ltd. (HHI) are partnering to build a third PV panels facility in Korea. The partnership, called Hyundai Avancis, will be a 50-50 joint venture.

The first manufacturing facility for the joint venture will be identical to the second Avancis plant currently under construction in Germany, both in manufacturing capacity and technology terms. It will produce an annual volume of 850,000 modules for a total of 100 MW of copper indium gallium diselenide thin-film technology designed for roofs and solar fields.

The facility should be operational by the second quarter of 2012. Its modules will be marketed independently by Avancis and HHI.

SOURCE: Saint-Gobain

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