Friday, 25 July 2014
Last updated 7 hours ago
Nov 18 2009 | 8:38am ET
China’s Suntech Power Holdings will locate its first U.S. photovoltaic (PV) module manufacturing plant in Phoenix, Arizona. The plant will have an initial production capacity of 30MW and is expected to begin production in the third quarter of 2010.
The Suntech U.S. plant will be between 80,000 and 100,000 square feet and employ over 75 full-time workers at launch. It may double its staff within the year as the North American market develops.
“Bringing manufacturing jobs to the U.S. is part of Suntech’s vision to grow the solar market in every corner of the world,” said Suntech Chairman and CEO Zhengrong Shi. “We are eagerly watching growing markets and see the potential of bringing manufacturing capabilities to other markets where we see the combination of rapid local market growth and manufacturing cost competitiveness.”
Suntech currently employs 60 people in the United States, where it has a network of over 200 solar dealers and integrators for its products. The Chinese company also has partnerships with U.S. firms like MEMC of Texas, its largest supplier of silicon wafers.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…