German Centrotherm to create subsidiary for Solar Cell & Module activities
Aug 24, 2011 - German solar power technology maker Centrotherm Photovoltaics (ETR:CTN) announced today that it will create a new subsidiary in a bid to bundle its activities in the Solar Cell & Module segment.
As of September 1, the new subsidiary called Centrotherm Cell & Module GmbH will take over the operating activities of the Solar Cell & Module segment, the PV technology specialist said.
The move will not affect the company's production units and sites.
The reorganisation is expected to create a basis for further profitable growth and innovative strength, CEO Robert Hartung said.