Asahi Glass Co. (AGC) is to terminate the production of photovoltaic cover glass (patterned glass) at its Roux plant in Belgium, which is operated by AGC Glass Europe, and shut down the plant.
The decision was taken following due information and consultation with the Works Council and the union organisations which started February 10, 2014.
There are currently 190 employees working at the plant.
The photovoltaic cover glass market has seen continuous price decline due to oversupply, which resulted in deteriorating profitability of the Group’s business.
Since operating losses at the site are unavoidable, the AGC Group has concluded that it has to urgently revise the Group’s production to meet the market environment, and it would be impossible to convert the plant to other type of production.