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Swiss solar panel maker Meyer Burger is facing the brunt of competition from China and is warning it may have to close its loss-making production plant in Germany unless the government steps in...
Swiss solar panel maker Meyer Burger is facing the brunt of competition from China and is warning it may have to close its loss-making production plant in Germany unless the government steps in with financial support. "Chinese manufacturers are deliberately selling goods in Europe far below their own production costs," chief executive Gunter Erfurt told Reuters. "They can do this because the solar industry in China has been strategically subsidised with hundreds of billions of dollars for years."
Brussels’ policy is turning increasingly protective against the global ramifications of Beijing’s production-focused, debt-driven development model
BEIJING/FRANKFURT--Swiss solar panel maker Meyer Burger is facing the brunt of competition from China and is warning it may have to close its loss-making production plant in Germany unless the government steps in with financial support.
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