LG Says Forget Plasma, We're Going Renewable
What could a flat panel manufacturer do with an old plasma production plant that's no longer in use? LG Electronics is spinning off a plasma plant the company shut down in 2007 due to falling profit margins into a solar cell production plant. The foray into the renewable energy business comes after the company acquired a solar cell business from LG Chem in June and will include a $168 million investment to build two production lines in the old plant. Things should be up and running as early as 2010; both lines will produce 120 MW crystalline silicon cells and modules.
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Posted by Justin Davey at October 21, 2008 6:26 AM