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Bloomberg Quint

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Image Credit: Bloomberg Quint

Borosil Renewables Files Application To Fold Up German Subsidiary; To Focus On Indian Solar Glass Market

  • Borosil Renewables decides to wind up German subsidiary, focusing on Indian solar glass market.
  • Shutdown decision based on market assessment, financial viability, and long-term strategic priorities.
  • Low-cost Chinese imports pressured German solar industry, leading to decreased demand and losses.
  • With insolvency filing, Borosil halts losses from German operations and shifts focus to India.

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