On December 22, Tianyang New Material announced that it intends to stop the business related to photovoltaic packaging film.
The announcement shows that according to the market situation and the company's strategic planning, Tianyang New Material intends to stop implementing the company's existing four photovoltaic packaging film projects. Three of the photovoltaic film projects have been announced to be terminated in advance on December 5. ( Jiangsu's three major photovoltaic projects were terminated ahead of schedule!
Tianyang New Material said that after the shutdown, the plant occupied by the company's photovoltaic packaging film project will be used partly for the production of hot melt mesh film and other products according to the needs of other business sectors of the company, and partly for the subsequent production needs of other new businesses or for rental or sale. Some of the original production equipment can be used for the production of other products of the company through transformation, and some of the equipment will be sold according to market demand.
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