Algerian module manufacturer Condor declare bankruptcy

Feb 10, 2020 01:58 PM ET
  • The electronic devices maker has a 130 MW capability module manufacturing center and also possesses a fifty percent risk in French-Algerian module manufacturer Aurés Solaire, which runs a 30 MW panel manufacturing facility in the nation.
Algerian module manufacturer Condor declare bankruptcy
Image: PublicDomainPictures/Pixabay

Algerian electronic devices producer Condor Electronics-- which possesses as well as runs a 130 MW ability module manufacturing center in Bordj Bou Arreridj-- has actually applied for bankruptcy, according to north African media.

Practically 40% of the overall 1,000-strong labor force are supposedly currently practically out of work, with numerous devices of business influenced consisting of production line for smart phones as well as home appliances.

"This choice is enforced by the considerable troubles run into by the business, particularly when it come to the supply of basic materials as well as the hold-ups in releasing import licenses," stated a firm representative priced quote on Tunisian work site Recruter.

pv magazine has actually called Condor to try to validate the precision of the bankruptcy record.

Condor Electronics possesses fifty percent of French-Algerian module producer Aurés Solaire, which runs a 30 MW photovoltaic panel manufacturing facility in the Ain Yagout enterprise zone near Batna, in eastern Algeria. The completely automated assembly line, which makes 240 W, 60-cell monocrystalline components, was offered by Vincent Industrie.

Condor started making task in Bordj Bou Arreridj in late 2013.

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