Intended shutdown of the AGC plant in Roux (Belgium)

Without any sign of recovery for the EU solar industry, the AGC Group today announced its intention to shut down its Roux plant, specialised in producing patterned glass for photovoltaic panels, as this activity has been consistently loss-making.

Against a background of economic recession, the European market for solar glass has suffered strongly from massive imports of dumped products from China.The consequent dramatic fall of sales prices has led to a collapse of the EU solar industry, with many European producers going out of business or going bankrupt. Moreover, the all to late anti-dumping measures on imports of solar glass from China which have been recently taken by the European Commission are not believed by AGC to have any structural effect on the European market.

Despite the company’s willingness and efforts to find a potential acquirer, no solution has been found to date to produce a viable business plan for this activity which employs 190 people. Consequently, the redundancy plan and support measures should be discussed with the Works Council and union organisations.

AGC intends to remain active in manufacturing, marketing and distributing patterned glass for decorative applications through its Barevka plant (Czech Republic).

AGC Glass Europe, a European leader in flat glass

Based in Louvain-la-Neuve, AGC Glass Europe produces, processes and markets flat glass for the construction industry (external glazing and interior decoration), car manufacture, solar power applications and various specialised industries. It is the European branch of AGC, the world’s leading producer of flat glass.

For further information see www.agc-glass.eu (corporate site), www.yourglass.com (glass for the construction industry), www.agc-automotive.com (for the automotive industry) and www.agc-solar.com (for solar applications).

More information:

AGC Glass Europe – Communication

Benoît Ligot

Tel.: +32 (0)2 409 34 57 - +32 (0)476 92.05.93

benoit.ligot@eu.agc.com

600450 Intended shutdown of the AGC plant in Roux (Belgium) glassonweb.com

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