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Bunzl PLC on Wednesday maintained full-year profit guidance despite a dip in first quarter revenue as US volumes fell. The London-based distribution and services company said first quarter revenue...
Solar energy equipment manufacturer CubicPV on Thursday said it had scrapped plans to build a major U.S. silicon wafer factory, citing a collapse in product prices and soaring construction costs....
Solar energy equipment manufacturer CubicPV on Thursday said it had scrapped plans to build a major U.S. silicon wafer factory, citing a collapse in product prices and soaring construction costs. The announcement is a blow to the Biden administration's ambitions to create a homegrown solar energy supply chain to support surging U.S. demand for the renewable energy source. China produces about 98% of the world's wafers, the building blocks of solar cells that are assembled into panels.
By Anthony O. Goriainoff Bunzl said it expects 2023 group revenue to decline but sees growth next year despite the uncertain economic environment. The...
By Ben Otto Swiss chemicals company Clariant AG will buy a cosmetic ingredients unit of International Flavors & Fragrances Inc. for $810 million. New...