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LG suspends JV plan with Conergy

Posted: 10 Nov 2008 ?? ?Print Version ?Bookmark and Share

Keywords:joint venture JV? solar cell? manufacturing module?

LG Electronics Inc. has decided to discontinue discussions with Conergy AG regarding the proposed joint venture for solar cell manufacturing due to current worldwide economic uncertainty and changes in strategic direction. LG will continue to explore opportunities in photovoltaic cell and module manufacturing arena. In this context, LG will also continue to review other options for cooperation with Conergy.

The companies revealed in September their plan to establish a JV in the solar module manufacturing business.

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