Borosil Pulls the Plug on German Arm Amid Chinese Dumping, Refocuses on India’s Solar Surge

Borosil Renewables Ltd has filed for insolvency of its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, marking a strategic exit from Europe’s declining solar glass market. The move comes after sustained losses triggered by Chinese solar panel dumping, which decimated demand for German-made modules and, by extension, solar glass.

 

The company cited lack of protective policy response in Europe and a structurally unviable market as key reasons. GMB, once a vital part of Borosil’s global footprint with a 350 TPD capacity, had become a financial drag—₹340 crore in exposure and ₹9 crore monthly losses, which will now cease post-insolvency filing on July 4, 2025.

 

Borosil will now double down on its Indian solar glass operations, buoyed by anti-dumping duties, PLI schemes, and a booming domestic solar infrastructure pipeline. The company recently announced a ₹950 crore investment to expand capacity by 600 TPD, reinforcing its leadership in India’s clean energy ecosystem.

 

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Source: CNBC TV18 – Borosil Exits German Unit | Business Standard – Insolvency Filing Details