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In another sign of the challenging market conditions across the solar PV manufacturing value chain, REC Wafer has decided to temporarily ramp down about 35% of its production capacity. The reduction will affect approximately 180 employees, according to the company.
"We have seen an increasingly difficult market so far this year and need to take measures to optimize our capacity utilization and secure flexibility in regards to timing of product deliveries," said executive VP Ingelise Arntsen. "Although we temporarily take out a part of our capacity, we follow the market development closely and are making sure that we stay prepared to increase production on short notice." Since REC Wafer has not yet decided on the timing of a restart, the company said that it is not prepared to indicate the expected effect of the temporary reduction in capacity utilization on the overall annual production of wafers in 2009.
