Solar Establish GlobalWatt Relocates to Decrease Expenses
A solar manufacturing business that originally intended to bring 500
jobs and a $177 million production plant to Saginaw publicized this week
that it will move in northern Michigan next month, citing a require to
decrease costs. Sanjeev Chitre, CEO of San Jose, Calif.-based GlobalWatt
Inc said that it’s not an expansion. It’s more of a cost optimization.
We came there with good intentions; however, the solar industry has
changed dramatically in the last year and a half, and we just have to
manage reality.
In the precedent three months, GlobalWatt has had 15-17 contract employees at all its locations, Chitre said. At one time, the corporation had about 29 contract employees.
High transparency costs as well as an increasingly spirited climate in the solar industry over the past year and a half led to the decision to relocate GlobalWatt’s solar module production plant to Copemish, Mich., about 30 miles south of Traverse City, Chitre said. The budge, predictable to take place by Jan. 15, will permit the company to locate closer to its module dispenser and save on transportation, inventory as well as fixed costs.
GlobalWatt makes solar generators for forte applications with inclusion of consumer/recreational and disaster/emergency response applications.
GlobalWatt is not the first solar firm in the region to suffer financial difficulties in current months.
In August, Evergreen Solar Inc. publicized that it was filing for Chapter 11 bankruptcy. After the statement, the Marlboro, Mass.-based company closed its Midland plant, where 40 employees had worked since 2009. The plant had manufactured high-temperature filaments used in wafers for solar panels.
In the precedent three months, GlobalWatt has had 15-17 contract employees at all its locations, Chitre said. At one time, the corporation had about 29 contract employees.
High transparency costs as well as an increasingly spirited climate in the solar industry over the past year and a half led to the decision to relocate GlobalWatt’s solar module production plant to Copemish, Mich., about 30 miles south of Traverse City, Chitre said. The budge, predictable to take place by Jan. 15, will permit the company to locate closer to its module dispenser and save on transportation, inventory as well as fixed costs.
GlobalWatt makes solar generators for forte applications with inclusion of consumer/recreational and disaster/emergency response applications.
GlobalWatt is not the first solar firm in the region to suffer financial difficulties in current months.
In August, Evergreen Solar Inc. publicized that it was filing for Chapter 11 bankruptcy. After the statement, the Marlboro, Mass.-based company closed its Midland plant, where 40 employees had worked since 2009. The plant had manufactured high-temperature filaments used in wafers for solar panels.
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