Arab Today, arab today bosch to end solar business
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Bosch to end solar business

Arab Today, arab today

Arab Today, arab today Bosch to end solar business

Berlin - XINHUA

German engineering and technology giant Bosch announced on Friday that it would end its solar business, as it had failed to gain competitive position due to \"global overcapacity.\" Bosch said in a statement that it had decided to cease the manufacture of crystalline photovoltaics products, such as ingots, wafer, cells, and modules at beginning of 2014. Module plant in Venissieux, France would be sold. Plans to construct a manufacturing facility in Malaysia would also be ended. Bosch will also sell its shares in Aleo Solar AG. \"All development and marketing activities are likewise to be ended,\" said the company, adding that global overcapacity had become huge in the past years and made nearly the entire industry sustain heavy losses. \"Despite extensive measures to reduce manufacturing cost over the past year, we were unable to offset the drop in prices, which was as much as 40 percent,\" said Stefan Hartung, chairman of the Bosch Solar Energy AG supervisory board. In the statement, Bosch announced that it would maintain its thin-film technology development center in Brandenburg State. Alignment of the unit, however, has not been decided yet. Last year, Bosch suffered a loss of around 1 billion euros (1.29 billion U.S. dollars) in its solar energy division, which currently employs some 3,000 people. Bosch is not the only company which has failed to retain a competitive position in the solar industry. In October last year, another German giant Siemens also decided to quit the industry because of lasting losses of its solar units.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bosch to end solar business Arab Today, arab today bosch to end solar business

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bosch to end solar business Arab Today, arab today bosch to end solar business

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday