Silex Systems’ subsidiary, Silex Solar, revealed plans to restructure its silicon PV panel business located at Sydney Olympic Park, a facility it bought a few years ago from BP Solar. Changes will revolve around management and operations, which the company hopes will strengthen its position in the business.
In terms of management changes, Silex Solar appointed Craig Menzies as its new CEO. Menzies is credited with holding a strong background in operations, sales and marketing. Additionally, the company will no longer be making its cells at its Australian plant, opting rather to use cells developed by a third party through a strategic partner.
Silex Solar stressed that it will continue to produce PV panels at Sydney Olympic Park, including its new “Black Series” PV panels. The company maintains that the changes are all intended to “secure Silex Solar’s long-term future and to remain a key player in the Australian PV panel market.”
“Silex Solar has made significant progress over the past year, but more is needed in order for it to realize its potential in a very tough market,” acknowledged Michael Goldsworth, Silex Systems' CEO. “These are important changes that are needed to better position Silex Solar as a key player in the Australian PV panel solar industry – both in the residential rooftop market and the growing medium-scale commercial market.”