Oct 9, 2012 - German components suppliers for the solar power sector are increasingly feeling the pinch of the crisis with 85% of the firms reporting a deterioration in order intake at the end of the third quarter of 2012, a business climate survey of sector association VDMA has shown.
Solar sector suppliers see a revenue drop of almost 50% on average in 2012 as leading solar cell and module makers are still reluctant to invest, Peter Fath, CTO of Centrotherm Photovoltaics (ETR:CTN) and head of VDMA Photovoltaic Equipment, said in a VDMA statement today.
Despite the tough market environment, only 28% of the firms have resorted to short-time work and 20% plan job cuts in the next few months, according to the survey, published today.
One of the biggest challenges in the sector is the low capacity utilisation and declining order backlog. The order range also fell to 5.1 months at the end of September 2012 from over 7 months in previous years.
To cope with the slowdown the firms are seeking to boost sales through expanding their product and services portfolios and raising efficiency in production, logistics and personnel.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.