Borosil completes 86% stake acquisition of glass manufacturer Interfloat

Facebook
Twitter
LinkedIn
Reddit
Email
Interfloat Group has a solar glass manufacturing production capacity of 300 tonnes per day and will increase Borosil’s capacity by 66%. Image: Interfloat Group.

Indian solar glass manufacturer Borosil Renewables has acquired a 86% stake in Interfloat Group expanding its customer base in Europe.

With the acquisition of its European peer, the Indian manufacturer increases its solar glass output by 66% to 750 tonnes per day (TPD), which will increase to 1,300 TPD in Q4 2022 with the commissioning of a new furnace of 550 TPD in India.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Comprising two companies – Germany-based GMB Glasmanufaktur Brandenburg and Liechtenstein-based Interfloat Corporation – Interfloat Group is the largest textured tempered solar glass producer in Europe, with a current capacity of 300 TPD, according to Borosil.

Despite Europe’s high energy prices and the geopolitical uncertainty affecting Europe’s manufacturing industry, Interfloat’s acquisition will strengthen Borosil’s global market position “in the long run”, according to Borosil.

Pradeep Kheruka, executive chairman of Borosil Renewables, said: “The demand for domestically manufactured solar PV modules has increased significantly leading to a higher demand for solar glass by our European customers. In the light of substantial expansion in our capacity in India, we expect to enhance the reliability of our supply chains for our customers.”

12 March 2024
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
26 November 2024
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 28, 2024
Seattle, USA
Solar Media Events, Industry Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA