EANS-News: SOLON SE SOLON Launches New Strategy for U.S. Business
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Strategic management decisions
Berlin (euro adhoc) - SOLON Launches New Strategy for U.S. Business
Berlin, August 16, 2011. In conjunction with its Group-wide restructuring
program, SOLON will increase the focus of its North American activities on the
project business. To this end, it will further expand its sales and project
activities at the headquarters of the U.S. subsidiary SOLON Corporation in
Tucson, Arizona, and at the other offices in Phoenix and San Francisco. SOLON
Corporation will also strengthen its concentration on the development and
marketing of new products in the growing commercial and utility segments.
In conjunction with the new strategic alignment, the decision was made to ramp
down module manufacturing in Tucson by October this year. With an annual
capacity of 60 MW, Tucson is one of the smaller production facilities in the
SOLON Group and has been used primarily for the manufacture of standard solar
modules. The production ramp down will affect about 60 of the 130 employees
working at the Tucson site.
SOLON Corporation was founded in 2007 and today is one of the leading providers
of photovoltaic solutions in the U.S.. Its core business is the planning and
construction of turnkey solar plants. The strategic realignment allows for
greater flexibility in the U.S. power plant business and also forms an integral
part of the corporate strategy to improve the SOLON Group´s cost position.
"The North American market is an important pillar of our international corporate
strategy. In the first half of this year we generated about a quarter of our
revenue in the U.S. business. Today, SOLON is one of the leading solar partners
for major U.S. energy suppliers. Our strategic realignment gives us an
opportunity to continue to strengthen our competitive position in the USA," says
Stefan Säuberlich, CEO of SOLON SE.
SOLON SE:
SOLON SE is one of the largest manufacturers of solar modules in Europe and is
also a supplier of solar system technology for large-scale rooftop and
greenfield installations. The SOLON Group has subsidiaries in Germany, Italy,
France, and the USA and more than 800 employees worldwide. SOLON´s core business
is the production and distribution of solar modules and photovoltaic systems as
well as the planning and construction of large rooftop systems and turnkey solar
power plants worldwide.
SOLON SE
Therese Raatz
Investor Relations
PHONE: +49 30 818 79-9305
Fax: +49 30 818 79-9300
Email: therese.raatz@solon.com
Further inquiry note:
Therese Raatz
Head of Corporate Communications
Tel.: +49 30 818 79-9305
E-Mail: therese.raatz@solon.com
end of announcement euro adhoc
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company: SOLON SE
Am Studio 16
D-12489 Berlin
phone: +49 30 818 79-9305
FAX: +49 30 818 79-9300
mail: investor@solon.com
WWW: www.solon.com
sector: Energy
ISIN: DE0007471195
indexes: Midcap Market Index, CDAX, HDAX, Technology All Share, GEX, ÖkoDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, regulated dealing:
Berlin, Hamburg, Stuttgart, Düsseldorf, München
language: English