BP Solar completes manufacturing restructuring with closure of Frederick, MD factory
Year-long restructuring program reduces unit cost by more than 45 percent; business winning large share of new projects in the US and key global markets
SAN FRANCISCO - BP Solar today announced it has taken another significant step to provide its customers with cost competitive solar energy products and services by shifting its remaining in-house manufacturing to its low cost joint ventures and regional supply partners. As a result of this decision, the company has ceased silicon casting, wafering, and cell manufacturing at its Frederick, MD facility effective today. Approximately 320 positions will be eliminated out of 430 positions at the
“This was a difficult decision and we deeply regret the impact it will have on our employees and the community. We have a long history in
All impacted eligible employees will continue to receive full pay and benefits for three months, followed by severance packages, job placement assistance and transitional resources.
With the closure of high cost manufacturing locations, which began in 1Q 2009, the company has reduced unit costs by more than 45 percent and is positioned to continue to profitably grow its worldwide market share.
“Solar prices declined between 40 and 50 percent since the onset of the financial and economic crisis, compressing industry margins and driving solar power towards grid competitive pricing,” Fezzani said. “By shifting our supply to a high quality, low cost supply base to serve both distribution customers and large scale projects, we have strengthened our position as a provider of competitive solar solutions with our offer of the highest lifetime value.”
“The global solar market is expected to reach 12 GW in 2012 with the
In 2009, BP Solar announced it increased global sales by over 26 percent (versus market growth of six percent), and expects to grow in excess of 50 percent in 2010, exceeding predicted market growth.
The company recently completed the largest
Fezzani noted that some 70 percent of solar industry jobs are in design, installation and maintenance. As a major project developer, BP Solar will be helping to create hundreds of these new jobs here in
BP Solar is also a major buyer of high grade silicon raw materials in the
All BP Solar branded products will continue to meet the company’s strict quality standards and will be backed by its leading energy warranty.
Note for editors
BP Solar, part of BP Alternative Energy, is a global company with about 1,600 employees. BP Solar designs, manufactures and markets solar energy products and provides complete solar energy solutions for the residential, commercial, industrial and utility sectors. With over 37 years of experience and installations in most countries, BP Solar is one of the world's leading solar companies. BP Solar invests more than $10M annually in photovoltaic research and development.
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