24 March 2009 18:05 [Source: ICIS news]
TORONTO (ICIS news)--German automotive parts major Bosch has broken ground on a €530m ($726m) crystalline solar cells plant near Erfurt, in the country’s eastern Thuringia state, it said on Tuesday.
The facility, by Bosch subsidiary Ersol, would have a capacity of 90m solar cells/year and create 1,100 jobs after its start-up in 2010, the company said.
“This investment is part of our increasing activities in renewable energies,” Bosch chairman Franz Fehrenbach said.
Ersol chairman Holger von Hebel said that the company expected a temporary weakening "but the market will return to its previous strength by 2010 at the latest."
The solar cells industry has become an increasingly important market for specialty chemicals producers.
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