SCHOTT Solar continues its realignment efforts in the field of photovoltaics

SCHOTT Solar AG is continuing with its realignment efforts with respect to its activities in the area of photovoltaics and will be concentrating on its fast-growing module and project business in the future. In this context, the company will be discontinuing its wafer manufacturing activities that are no longer profitable at its site in Jena and thus concluding its restructuring efforts. By realigning these activities, the company hopes to create the prerequisites for profitable growth.

290 employees at the site in Jena are affected by this move. SCHOTT is currently evaluating the prospects of offering further employment for the respective employees in other areas of the company. At the same time, the company is engaged in an intensive dialogue with social partners and striving to come up with socially acceptable solutions. The goal is to avoid having to dismiss staff for operational reasons.

Developments in the global solar market have made restructuring necessary. Overcapacities and severe declines in prices, particularly with wafers and cells, have been the dominating factors. Price pressures are being further intensified by Asian competitors for the most part. They lowered their prices for modules once again by more than 40% just like they did in 2009.

As Dr. Martin Heming, CEO of SCHOTT Solar AG, puts it: “We need to stop pursuing upstream stages of the value creation chain that only generate losses and concentrate on the fast-growing module and project business instead. With the help of this new strategy, excellent products and the strong ‘SCHOTT Solar’ brand, we are in an excellent position to be able to operate successfully in the difficult solar market. We are quite optimistic because we managed to sell more modules than ever before last year and increased our market share. We plan to continue along these same lines in 2012.”

The new strategy will be rounded off by opening a technology center for monocrystalline wafers at the site in Jena. Manufacturing of thin-film photovoltaic modules will also continue in Jena. In other words, the city will remain a solar site.

Source: Schott AG/