SunPower to Cut Costs in Industry Downturn
NEW YORK (Trefis) -- SunPower(SPWR) announced that it would be taking steps to lower its manufacturing costs and improve supply chain efficiency.
The company said it was going ahead with plans to implement certain changes to its manufacturing lines and shift production to new lines to lower costs. The changes are expected to help the company cut production costs to $0.86/watt by the end of 2012.
The company will also look to reduce its capacity by "repurposing" one of its fabrication facilities in the Philippines. With panel prices falling, SunPower will have to reduce costs to compete with low-cost Chinese players like Suntech(STP) and Trina Solar(TSL) .