We are pleased to announce that the Vienna-based investment company RING INTERNATIONAL HOLDING AG (short: RIH) has acquired a stake in ISOVOLTAIC SOLINEX GmbH (short: SOLINEX) through a strategic investment.
By financing the growth of SOLINEX RIH emphasizes its strong belief that the market for renewable energy will continue to grow at a significant pace. Initially the focus will be on fostering the global growth opportunities for the revolutionary ICOSOLAR® CPO 3G. This co-extruded polypropylene backsheet for photovoltaic modules offers considerable advantages compared to conventional material solutions at a very attractive price level. The product is already widely accepted on the global PV market and experiences a rapid penetration within the industry.
In addition to CPO 3G and based on its long-term experience with pioneering high-quality film technologies, SOLINEX has also diversified its portfolio by introducing ICOREFLEX® Reflector Film (an extremely efficient film with high diffuse reflectivity that increases the efficiency of LED lamps). The potential of this product, for which the relevant market has already signaled great interest, is being further ensured by the participation of RIH.
The investment of RIH constitutes both a commitment to SOLINEX as a whole and the extrusion site Lebring in Austria.
In addition to the financial support RIH will contribute experienced management capacity to support the further development of SOLINEX and its products.
Decisions around the future of the company will be taken by the two managing directors
Mr. Thomas Rossegger and Mr. Matthias Meinl, thereby counting on the long-standing experience of the SOLINEX employees.
We are looking forward to a cooperative partnership for the successful future of ISOVOLTAIC SOLINEX GmbH.
With best regards
ISOVOLTAIC SOLINEX GmbH
Thomas E. Rossegger, Managing Director
Matthias Meinl, Managing Director