23 Apr '14, 10am

German PV producer AVANCIS sells solar business to Chinese building materials group CNBM #solar

AVANCIS GmbH (Torgau, Germany), manufacturer of CIS solar photovoltaic modules, on April 22nd , 2014 announced that it is carving-out its business activity to sell it to the Chinese building materials and glass manufacturer CNBM (China National Building Materials Group Corporation, Beijing, China). The new owner plans to restart PV production in Torgau under the same company name "AVANCIS GmbH". The transaction will close following the registration of the new company at the commercial court and the granting of the necessary approvals, AVANCIS reports in a press release. PV production in Torgau, research in Munich to be continued With the acquisition of AVANCIS, CNBM is planning to expand its solar PV module development and production. The further development of the AVANCIS technology is an essential prerequisite for the implementation of CNBM's expansion plans in the area ...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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