Suntech to shut Arizona panel making facility

March 12 Tue Mar 12, 2013 8:40am EDT

March 12 (Reuters) - Cash-strapped Suntech Power Holdings Co Ltd said it would stop production at a solar panel making facility in Goodyear, Arizona on April 3, affecting 43 employees.

Higher production costs, U.S. import tariffs on China-made solar cells and global oversupply caused the facility's closure, Suntech said in a statement.

Suntech shares were little changed at $1.16 before the bell on Tuesday.