In an effort to accommodate its 3.0GW expansion of its U.S. manufacturing capacity, STR Holdings is moving most of its U.S. manufacturing facilities to a plant in East Windsor, CT. The new facility boasts 275,000 square feet and will house a new 10,000 square foot research and development laboratory. The move to the new facility will be taking place over the next 15 to 18 months, at which time all manufacturing at the company’s Enfield and Somers, CT facilities will terminate.
The closing of the new facility is pending upon completion of due diligence and satisfaction of certain other customary conditions, all of which STR is looking to complete by the end of this third quarter. STR announced that the new facility has the potential for an expansion of up to 5.5GW total capacity with 1.0GW expected to be installed during the 2011 third quarter.
“This building meets our critical requirements,” said Robert S. Yorgensen, president of STR Solar. “It is very close to our existing properties, so our highly trained and valued workforce will not be disrupted by the move; it provides ample space for the growth we anticipate in the coming years, and it has an exceptional space for our new, state-of-the-art research and development laboratory, which is a key strategic imperative for maintaining our leadership in technical innovation.”
Following its announcement on its lateral move with its manufacturing facilities, STR also released that its U.S. corporate headquarters will be moving from their current location on Water Street in Enfield, CT to a new facility on King Street in Enfield. The current headquarter location will still be used by the company as a stand-alone quality assurance resource location.