• Print

Komax Solar orders hit rock bottom in 2012; headcount reduced 50%

  • Komax Solar saw its order intake collapse 90% to only CHF 9.0 million in 2012, compared to CHF 63.7 million in 2011.
    Komax Solar saw its order intake collapse 90% to only CHF 9.0 million in 2012, compared to CHF 63.7 million in 2011.

New orders of back-end module assembly equipment at Komax Solar declined a massive 90% in 2012 on the back of overcapacity, consolidation and capitulation of customers, especially in Asia and China in particular.

In releasing preliminary 2012 financial results Komaz Group reported total sales of approximately CHF285 million, down from CHF371.4 million in 2011.

Komax Solar saw its order intake collapse 90% to only CHF9.0 million in 2012, compared to CHF63.7 million in 2011.

Cost cutting measures resulted in a headcount reduction of more than 50% within its solar segment during 2012, although the company highlighted that resources were secured at its US-based centre of excellence for RD&E of module assembly equipment.

However, like a growing number of equipment suppliers throughout the supply chain, the company said that it did not expect business conditions in the solar industry to improve before 2014. 

PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 26th Edition

    Looking back, 2014 was a year of convalescence for a PV industry still battered and bruised from a period of ferocious competition. End-market demand continued apace, with analysts towards the end of 2014 predicting the year would see between around 45 and 50GW of deployment. That has begun to feed through to the supplier end of the market, with all the main manufacturers announcing capacity expansions in 2015 and further ahead.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media