- Sharp Corp will continue making solar cell products at its Sakai plant and there is no truth to speculation it will sell or exit the business, an executive at the money-losing electronics maker said on Monday. "There is no truth to talk that we will quit, or sell, the solar business," Kazushi Mukai, head of Sharp's energy system solution business, told reporters at the company's state-of-the-art solar cell plant in Sakai, western Japan.Sharp is negotiating its second major bailout since 2012, with bankers calling for a radical overhaul and exit from loss-making businesses. Its solar cell business has struggled to cope with tough price competition from rivals in China and slow housing starts in Japan, adding to losses from its TV and LCD display operations. (Reporting by Ritsuko Ando; Editing by Chris Gallagher and Clarence Fernandez)
Monday, March 30, 2015
No truth to talk Japan's Sharp will exit solar business: executive
- Sharp Corp will continue making solar cell products at its Sakai plant and there is no truth to speculation it will sell or exit the business, an executive at the money-losing electronics maker said on Monday. "There is no truth to talk that we will quit, or sell, the solar business," Kazushi Mukai, head of Sharp's energy system solution business, told reporters at the company's state-of-the-art solar cell plant in Sakai, western Japan.Sharp is negotiating its second major bailout since 2012, with bankers calling for a radical overhaul and exit from loss-making businesses. Its solar cell business has struggled to cope with tough price competition from rivals in China and slow housing starts in Japan, adding to losses from its TV and LCD display operations. (Reporting by Ritsuko Ando; Editing by Chris Gallagher and Clarence Fernandez)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment