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Suntech to shut Arizona panel making facility
March 12, 2013 / 12:40 PM / 5 years ago

Suntech to shut Arizona panel making facility

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.

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