Long-Term Supply Agreement with First Solar and Expansion of TCO Glass Production Capacity
First written in FY2018. 10 of 12 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2025.
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- FY2025AdvancedAnnual report
「As announced on 16 January 2025, the Group fired up the glass production equipment at its Rossford plant in Ohio, United States. The plant previously produced general architectural glass, but will now produce glass for solar panels.」
For the expansion of solar panel glass production capacity in the United States, an existing line at the Rossford plant was converted and fired up. - FY2024AdvancedAnnual report
「For the following consolidated fiscal year, the fiscal year ending March 2025, the Group plans total capital expenditures of approximately ¥63.0 billion, including the cost of converting one of its float lines in the United States to produce solar-panel glass as part of its architectural glass business.」
As an additional measure following completion of the conversion in Malaysia, plans were detailed to convert a US float line for another use in connection with the expansion of solar panel glass production capacity. - FY2024-Q3AdvancedAnnual report
「During the third quarter, construction to convert Malaysia's float glass production facilities from general architectural glass to glass for solar panels was completed.」
Regarding the expansion of solar panel glass production capacity, conversion work on existing equipment in Malaysia has been completed. - FY2023AdvancedAnnual report
「・New online coating equipment will be installed at an existing float furnace in Malaysia to manufacture solar panel glass (production scheduled to begin in the fiscal year ending March 2024) ・Expansion of solar panel glass production capacity in the United States is also under consideration」
Disclosed the installation of new equipment in Malaysia, with production scheduled to begin in the fiscal year ending March 2024, and consideration of expansion in the United States as measures to increase solar panel glass production capacity. - FY2022Continued consideration of production capacity expansionAnnual report
「The company is considering expanding its solar panel glass production capacity in response to First Solar's production capacity expansion.」
In response to First Solar's production capacity expansion, we are considering additional expansion of our production capacity for solar panel glass. - FY2021-Q3AdvancedAnnual report
「The new float furnace for manufacturing solar panel glass in the Troy area of Ohio, United States, began operations, as announced on 12 November 2020.」
Regarding the expansion of solar panel glass production capacity, the new float furnace in Ohio, United States, began operations on 12 November 2020. - FY2021-Q2AdvancedAnnual report
「Construction of a float furnace for solar-panel glass in North America is progressing toward the start of operations in mid-November.」
The company disclosed that construction of the North American float furnace to expand solar panel glass production capacity was progressing toward a start-up in mid-November. - FY2021-Q1AdvancedAnnual report
「Construction of the float furnace in North America for solar panel glass is progressing toward completion by the end of calendar 2020, as originally planned.」
Regarding the expansion of solar panel glass production capacity, construction of the North American float furnace is progressing toward completion by the end of 2020 as originally planned. - FY2020AdvancedAnnual report
「To further accelerate growth, the company decided to make strategic investments to expand manufacturing facilities for solar panel glass in Vietnam and North America, as well as a float glass plant in Argentina, an emerging market in South America with strong future potential. The Vietnamese facility was completed and began operations in February 2020.」
The strategic investment in solar power generation glass progressed through the installation and start-up of the Vietnamese facility. Investment in the North American facility is also continuing. - FY2020-Q3AdvancedAnnual report
「Cash flow from investing activities was negative ¥44.7 billion, including ¥45.0 billion in expenditures for the acquisition of property, plant and equipment. Capital expenditures increased as strategic investment projects in the United States, Vietnam and Argentina progressed as scheduled.」
The company explained that strategic investments, including investments related to glass for solar panels in the United States and Vietnam underpinned by the supply agreement with First Solar and other factors, were progressing as planned together with the Argentina project. - FY2020-Q1AdvancedAnnual report
「Capital expenditures increased as strategic investment projects in the United States, Vietnam and Argentina progressed as planned.」
The company explained that investments related to glass for solar panels in the United States and Vietnam, underpinned by the supply agreement with First Solar and other factors, were progressing as planned. - FY2018First statedAnnual report
「In April 2018, the Group entered into a long-term supply agreement for coated glass with First Solar, Inc. (US), a leading provider of solar power generation equipment, and decided to increase glass production capacity in the United States and Vietnam.」
The company newly disclosed an investment plan to expand TCO glass production capacity in the United States and Vietnam, initiated by a long-term supply agreement with First Solar. Total planned investment is approximately ¥38 billion.