Type
Business expansion
Country
Norway
Region
Norge; Nord-Norge; Nordland
Location of affected unit(s)
Narvik
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Other Non-Metallic Mineral Products
23.99 - Manufacture of other non-metallic mineral products n.e.c.

175 jobs
Number of planned job creations
Job creation
Announcement Date
20 September 2006
Employment effect (start)
1 April 2008
Foreseen end date
30 June 2008

Description

REC, headquartered in Oslo, Norway, is the world's largest producer of solar grade silicon and wafers for solar applications, as well as a significant producer of cells and modules. REC Silicon and REC Wafer are the world's largest producers of solar grade silicon and wafers for solar applications. REC Solar produces solar cells and solar modules. Today the company has plants in USA (polysilicon), Glomfjord and Her√łya (wafers), Narvik (solar cells) and Glava, Sweden (cells) with a total workforce of 1,100.

On 20 September 2006 the company announced the decision to invest NOK 700 million to expand the REC Solar plant in Narvik that produces solar cells. This will generate a need for about 175 new employees by 2nd quarter of 2008. A part of the cells will be sent to the Swedish plant that produces solar cell panels where NOK 100 million will be invested to double the production. Earlier this year REC decided to invest USD 600 million in its polysilicon plant in USA.


Sources

  • 20 September 2006: Aftenposten

Citation

Eurofound (2006), REC, Business expansion in Norway, factsheet number 64609, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64609.