By NewsBlogger French module maker Systovi, facing challenges from Chinese suppliers, is seeking a buyer to preserve employment and sustainably manage the business, highlighting the ongoing struggles of European solar module manufacturers in a competitive market.
At a glance
- Systovi, a French module maker, is seeking a buyer due to challenges in competing against Chinese suppliers.
- The company recently doubled its production capacity to 80 MW but faced a drop in order books due to Chinese dumping.
- Meyer Burger halted solar module production in Germany to mitigate losses in Europe in response to challenges in the industry.
- Systovi is frustrated with slow progress on regulatory measures to restore fair competition and is actively participating in discussions at the French and European levels.
- The selection of the buyer will be based on their ability to preserve employment and effectively manage the business in a sustainable manner.
The details
French module maker Systovi, a subsidiary of the Cetih group since 2018, is currently seeking a buyer as it faces challenges in competing against Chinese suppliers.
The company recently invested in a new production line, doubling its capacity to 80 MW. However, Systovi has experienced a significant acceleration of Chinese dumping since last summer, resulting in a drop in order books.
In response to these challenges, Switzerland-based Meyer Burger made the decision to halt solar module production in Germany to mitigate losses in Europe.
Systovi’s Frustration
Systovi has expressed frustration with the slow progress on regulatory measures to restore fair competition in France and Europe.
The company is actively participating in discussions at both the French and European levels to address this issue.
Systovi’s decision to seek a buyer is in line with its commitment to supporting a sustainable energy future.
Buyer Selection Criteria
The selection of the buyer will be based on their ability to preserve employment and effectively manage the business in a sustainable manner.
Overall, Systovi’s situation underscores the ongoing challenges faced by European solar module manufacturers in the face of increased competition from Chinese suppliers.
The company’s efforts to navigate these challenges while maintaining its commitment to sustainability highlight the complex dynamics at play in the solar energy industry.
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| pv-magazine.com |
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| – French module maker Systovi, a Cetih group subsidiary since 2018, is seeking a buyer due to challenges competing against Chinese suppliers – Systovi invested in a new production line and doubled its capacity to 80 MW – Systovi faced an acceleration of Chinese dumping since last summer, leading to a drop in order books – Switzerland-based Meyer Burger recently halted solar module production in Germany to stem losses in Europe – Systovi expressed frustration with slow progress on regulatory measures to restore fair competition in France and Europe – Systovi is participating in discussions at the French and European levels to address the issue – Systovi’s decision to seek a buyer aligns with its dedication to supporting a sustainable energy future – The buyer will be selected based on their ability to preserve employment and sustainably manage the business |
