aleo solar AG ends avim solar joint venture
Production will be shut down soon at the Gaomi plant
Oldenburg, Prenzlau, Germany, 24 September 2012. aleo solar AG [ISIN: DE000A0JM634) ends the avim solar production Co. Ltd. joint venture based in Gaomi, China. The Board of the joint venture decided to dissolve it. Production will be shut down soon at the Gaomi plant, where the joint venture produced solar modules under the brand avim with 246 employees.
More Headlines
- Nextracker Launches Industry's First Low Carbon Solar Tracker Solution
- Clean Energy Announces First Injection of Renewable Natural Gas at Victory Farms Dairy
- Energizing The Future: ees Europe Partners with IBESA for Expert Forum
- American Battery Technology Company Announces Commissioning of First-of-Kind Facility for Manufacturing of Battery Grade Lithium Hydroxide from Nevada Claystone Deposit
- What journalists want - PR agency Krampitz Communications organises side event at The smarter E Europe
"Sustainably cost-effective production is no longer possible at Gaomi due to the price drop, particularly for Chinese modules," says York zu Putlitz, CEO and CFO of aleo solar AG. "In the low-price segment, it is no longer possible to achieve adequate margins. aleo solar will supply only the premium segment in the future."
The Gaomi plant began production at the end of 2008 and its capacity by now is 90 megawatts.
The company
aleo solar AG produces and distributes premium solar modules and systems for the international photovoltaic market. Since 2009, the Bosch Group has owned a majority of the company (DE000A0JM634), which was originally founded in 2001 and has been listed on the stock exchange since 2006. The premium manufacturer currently has 1,018 employees and is represented in the key photovoltaic markets all over the world. At its plant in Prenzlau, Germany, the aleo solar Group has an annual production capacity of 280 megawatts. In 2011, the company generated a turnover of € 462 million.
Featured Product
Introducing RockIt Smart Slide
Introducing RockIt Smart Slide - the ultimate solution for fast and easy installation of the rail-less RockIt racking system on composition shingle roofs. Smart Slide conforms to UL 441 and TAS 100 (A)-95 for wind and wind-driven rain, providing a super-strong watertight seal that is achieved through compression, in most cases without the need for additional sealant. The waterproofing sealant is embedded deep into the granules of the shingle, thanks to the integrated flexible foam layer that provides cushioning. This ensures a secure fit that conforms to any architectural-style shingle. With UltraGrip Technologyâ„¢, you can rely on a secure installation, as it absorbs the movement created by thermal expansion and contraction. The pre-installed sealing pads are compatible with all composition shingle roofs, making it the ideal choice, even in ambient temperatures as low as 5 degrees.
