Sunday, February 24th, 2019

Panasonic to close solar cell factory in Hungary: Nikkei

Panasonic Corp's logos are seen at an electronics store in Tokyo May 9, 2013. REUTERS/Toru Hanai(Reuters) – Japan's Panasonic Corp plans to shut down its sole European solar cell plant next March and dismiss about 500 workers at the factory, the Nikkei reported. The Hungarian factory will end production in September, leaving the company with one solar cell plant each in Japan's Osaka and Shiga prefectures and another in Malaysia, the business newspaper said. Equipment from the Hungarian facility will be transported to the other plants, the daily said. The European solar energy market is dominated by Chinese suppliers such as Yingli Green Energy . …

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