Sharp Likely To Withdraw Solar Panel Unite From US, Europe

Posted on Sep 27 2012 - 6:20am by Editorial Staff

Sharp Corporation Sharp In Talks To Sell Japan Solar Cell Plant For More Than $1.27 Billion

With bringing the total job cuts to 10,000, that does not stops the Sharp to take another further big step towards  turning its business into low as from the latest report from Reuters citing two sources, the company may pull its solar panel business out of Europe and the United States. The proposal to take such step is nothing but a part of business contingency plan. Further, the company operating factory in both US and UK that assemble solar panel modules also plans to consolidate production at several sites in Japan into one site. The company is expecting to win an approval from the bank in order to secure 210 billion yen ($2.7 billion) as a fresh loan.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.