Hyundai acquires stake in German PV recyling specialist Flaxres

Flaxres says it will leverage Hyundai's capabilities to expand its business outside of Germany. The company has developed a solar module recycling technology that is based on short-term high-temperature heating using flash lamps.From pv magazine Germany South Korea's Hyundai has acquired an unspecified minority stake in German PV module recycler Flaxres. Flaxres did not reveal the name of the new investor in its press release. Its name, however, can be found in the commercial register. The value of the transaction is estimated in the "three-digit million range," the company said, adding that ...

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