Flat announced in the evening of November 13 that it planned to invest about 290 million US dollars by Indonesia Flat Solar Energy Co., Ltd. (English name: PT FLATSOLAR ENERGY INDONESIA) (hereinafter referred to as "Indonesia Solar Energy"). Two photovoltaic module cover glass projects with a daily melting capacity of 1600 tons will be built in Central Java, Indonesia. The project includes a glass production line and its supporting processing production line, which will form an annual production capacity of 1 million tons of high transparent panels for new energy equipment.
Flat said that the foreign investment is not only conducive to optimizing the company's capacity layout and improving the company's capacity, but also can give full play to the advantages of production in Indonesia, reduce the company's production costs, enhance the company's risk resistance and operational stability, and achieve sustainable development.
The announcement shows that the source of funds for this project will be raised by the company itself. Flat said that in view of the possible pressure on the company's cash flow caused by the investment and construction of this project, the company will co-ordinate the fund arrangement, reasonably determine the source of funds, payment methods, payment arrangements, etc., to ensure the smooth implementation of the project.