SolarWorld AG implements transformation measures in the U.S. and Germany02-09-11
Wage cost share in the group below 10 percent
In the last few months, SolarWorld AG has massively expanded and modernized its production capacities along the entire value chain at its locations in the U.S. and in Germany. Older parts of the production facilities are now consistently taken out of service by the group to strengthen its competitiveness.
In the United States, SolarWorld is concentrating production activities on its location at Hillsboro, Ore. At the group’s largest location outside Germany, SolarWorld AG is already operating two solar power module production lines. The module production at Camarillo, Calif. is now to be discontinued and completely pooled at Hillsboro. As a result of this merger at a fully integrated location, SolarWorld AG will tap synergy potentials and cut production costs. The sales and distribution unit at Camarillo will be retained and further strengthened.
In Germany, SolarWorld at the Freiberg/Saxony location has a state-of-the-art annual production capacity of 1,000 MW after the commissioning of the new production facility for solar wafers. Older parts of the production facilities can thus be taken out of service. This will be accompanied by a reduction of the level of loan workers, which was previously necessary during the build-up phase. With this transformation, SolarWorld will achieve a substantial cost reduction as well as an increase of productivity at the German site.
With the measures described, SolarWorld will strengthen its competitiveness at its two locations in the U.S. and Germany in a hotly contested market. Dr.-Ing. E. h. Frank Asbeck: “With this, we will continue to keep our wage cost share at below 10 percent. Especially in contrast to manufacturers who increasing relocate to low wage countries or come from there, this is of strategic importance. It means that we offer quality from Germany and quality made in the U.S. that is competitive with the Far East.”
About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems of all sizes, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany. The group´s largest production facilities operate in Freiberg, Germany and Hillsboro in the U.S. State of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs about 3,500 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and ÖkoDAX as well as in the sustainability index NAI.
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