Algerian electronics manufacturer Condor Electronics – which owns and operates a 130 MW capacity module production facility in Bordj Bou Arreridj – has filed for insolvency, according to north African media.
Almost 40% of the total 1,000-strong workforce are reportedly now technically unemployed, with various units of the business affected including assembly lines for mobile phones and household appliances.
“This decision is imposed by the significant problems encountered by the company, in particular with regard to the supply of raw materials and the delays in issuing import licenses,” said a company spokesperson quoted on Tunisian employment website Recruter.
pv magazine has contacted Condor to attempt to confirm the accuracy of the insolvency report.
Condor began manufacturing activity in Bordj Bou Arreridj in late 2013.
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* The article was updated on Feb. 11 to correct wrong information on the group's stake in French-Algerian module manufacturer Aurés Solaire, which operates a 30 MW solar panel factory in the Ain Yagout industrial area near Batna, in eastern Algeria. In our previous version of the article, we reported that Condor had a 50% interest in Aurés Solire, but the two companies are completely separated entities.
The headline of this article was amended on 17/02/20 to reflect it is electronics manufacturing parent company Condor Electronics which has reportedly filed for insolvency, rather than module manufacturing business Condor Photovoltaïques.
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