Xinyi Glass announced a $700 million investment in the Suez Canal Economic Zone in Egypt to build a large-scale PV glass production site. This move set a record for the company's single overseas investment and marked a significant event in the globalization of China's PV industry chain. The project will be implemented in two phases, with an expected annual production capacity of 1.5 million mt of PV glass and 1.1 million mt of high-purity quartz sand. The products will mainly be exported to European, Middle Eastern, and African markets, helping Egypt become a regional PV manufacturing hub.
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