Centrotherm sheds second subsidiary06. September 2012 | Industry & Suppliers, Markets & Trends | By: Becky Beetz
As part of its reorganization process, centrotherm photovoltaics AG has sold centrotherm SiTec GmbH’s subsidiary, Michael Glatt Maschinenbau GmbH to Germany’s Büechl Handels- und Beteiligungs-KG.
The subsidiary, which specializes in vessels, apparatus and welding technology, will remain a supplier to centrotherm. CFO, Thomas Riegler added that no jobs were lost. "As a consequence, centrotherm has successfully taken a further step to rationalize its strategic portfolio, and to concentrate on its core competencies," said the company in a statement released.
At the start of July, centrotherm submitted an application to file for self-administrative insolvency. It then announced the closure of operations at its Vienna branch in Austria at the end of August.
In an exclusive interview, pv magazine spoke to Tobias Hoefer, the expert for reorganization on the board of Centrotherm AG and responsible for insolvency protection proceedings, and with CTO, Peter Fath, to discover the current state of affairs. Magazine subscribers can gain full access to the interview, while non-subscribers can read a shortened version.
Keep your finger firmly on the photovoltaic pulse: sign up for our daily newsletter
- 3364 views
- 2940 views
- 2939 views
- 2864 views
- 2847 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!