German CdTe PV firm goes into insolvency
Calyxo enters insolvency proceedings in 'a very difficult market environment'
German-based CdTe thin-film module manufacturer Calyxo GmbH has entered insolvency proceedings in Thalheim, Germany.
Calyxo was employing 155 employees at its manufacturing operations in Thalheim. Workers wages and salaries are secured by the bankruptcy funds for three months until the end of June.
"The application for insolvency has no impact on the day-to-day business operations," said court appointed attorney Lucas Flöther, who is the company's provisional insolvency administrator. "All services will continue to be of the usual quality. The goal is to maintain business operations and as many jobs as possible."
"Calyxo is a core competitive company, but in a very difficult market environment. Whether a refurbishment is possible, will show in the context of a closer examination in the next few months," added Flöther.