Solar panel encapsulant maker STR Holdings said it cut its third-quarter loss by more than one-third, thanks to a big increase in sales and reduced expenses.
Australian steel building-products maker SBS International has chosen East Windsor for its first North American production plant that will employ about 150 when it launches next spring, brokers say.
Before selling a majority stake in the company for $22 million to a Chinese developer, the board of directors of Enfield solar parts maker STR Holdings couldn't find a suitable buyer for the company and considered liquidating its assets, according to a letter sent to its shareholders.
Enfield solar parts manufacturer STR Holdings announced on Tuesday its intention to sell the controlling interest in its company to a Chinese developer for $21.7 million by the end of the year.
In redoing the bonus contracts for two of its executives, Enfield solar manufacturer STR Holdings said it is considering strategic alternatives for the company, including selling or liquidating the once-thriving firm.