GMB a large Indonesian solar glass manufacturer
Borosil Renewables has moved to exit its German solar glass business, with its step-down subsidiary GMB Glasmanufaktur Brandenburg GmbH filing for insolvency, as the company shifts focus to the fast-growing Indian solar glass market. An investor's bid has now failed, leaving over 200 employees facing layoffs. (Illustrative Photo; Photo Credit: Alberto Masnovo/Shutterstock. The company is shifting its focus to India, where surging solar power growth, supportive policies, and anti-dumping duties. . [PDF Version]FAQS about GMB a large Indonesian solar glass manufacturer
Who is GMB glasmanufaktur Brandenburg?
Borosil Renewables has announced that its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, has filed for insolvency under German Insolvency Code (InsO) before the jurisdictional court at Cottbus.
Is GMB a good choice for European solar panels?
GMB, with a capacity of 350 tonnes per day (TPD), had served European manufacturers of solar modules for their requirements of solar glass. However, demand erosion became drastic last year, as Chinese manufacturers flooded the European market with severely underpriced solar modules.
How big is India's solar glass industry?
India's solar module manufacturing capacity has already crossed 90 gigawatts and is expected to reach 150 gigawatts by March 2027, creating massive potential for domestic solar glass makers. Borosil aims to double down on its solar glass innovation, manufacturing scale, and ESG-aligned clean energy strategy.
Will a five-year anti-dumping duty affect solar glass imports in India?
The recent imposition of a five-year anti-dumping duty on solar glass imports from China and Vietnam, effective December 4, 2024, has created a more level playing field for Indian producers.
Is the purchase volume of solar glass generally large
The global solar PV glass market was valued at USD 53. The demand for solar PV glass is directly impacted by the notable increase in solar installations brought about by the global push for renewable energy sources. 08 billion by 2033, growing at a CAGR of 29. 87% during the forecast period (2025–2033). [PDF Version]