Sharp Pulls Plug On Solar Panels
Sharp is wrapping up solar panel production at its UK factory in Wrexham with the loss of 250 jobs.
The last modules will be rolled out at the facility in February next year and the company described the closure as “unavoidable in the current business conditions”.
Sharp said the move was part of structural reforms “in line with the corporation’s medium-term management plan announced in May” which have been “accelerated by the rapid commoditisation of the UK and European solar panel markets”.
Chief executive for Europe, Middle East and Africa Hiroshi Sasaoka said: “A 30% drop in the unit price of European solar panels since the beginning of 2012 has left Wrexham’s output uncompetitive here in the UK and in Europe.”
“It is with sincere regret that we have decided to end solar panel production. Our employees are our greatest asset and we have been fortunate to have a loyal, hardworking and committed workforce since we began solar production here in 2004.”
Sasaoka said Sharp would continue to develop its solar sales business in Europe. The Wrexham site will continue to manufacture microwaves.