The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.99 - Manufacture of other non-metallic mineral products n.e.c.
280 jobs Number of planned job creations
Announcement Date
13 December 2006
Employment effect (start)
1 October 2008
Foreseen end date
31 March 2009
Description
REC, headquartered in Oslo, Norway, is the world's largest producer of solar grade silicon and wafers for solar applications, as well as a significant producer of cells and modules. REC Silicon and REC Wafer are the world's largest producers of solar grade silicon and wafers for solar applications. REC Solar produces solar cells and solar modules. Today the company has plants in USA (polysilicon, Glomfjord and Herøya (wafers), Narvik (cells) and Glava, Sweden (cells) with a total workforce of 1,100.
In order to respond to the continued strong demand for wafers, both from external customers and for own solar cell production, REC announced in a press release on 13 December 2006 that they had decided to build two new plants for multicrystalline wafers at Herøya. The plants, with a combined capacity of approximately 650 MW, will be located adjacent to REC's existing wafer plants and the wafer technology center. Total investments costs are estimated at NOK 2.5 billion. The two new plants will launch the production in the fourth quarter of 2008 and in the second quarter of 2009 respectively. Estimated total number of employees in the two plants is 280.
Sources
13 December 2006: REC Press release
14 December 2006: Prosessindustrien
Citation
Eurofound (2006), REC, Business expansion in Norway, factsheet number 64603, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64603.
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