STR Holdings Inc., a manufacturer of performance encapsulants for the photovoltaic module industry, plans to end operations at its St. Augustine, Fla., manufacturing facility.
‘A relatively slow PV market affords us the opportunity to fully consolidate our U.S. operations,’ says Robert S. Yorgensen, president of STR Solar. ‘This decision reflects our continued focus on optimizing our global capacity and significantly reducing our costs.’
The company will cease production at its Florida plant on Oct. 7 and expects to exit its 20,000 square-foot leased facility by the end of the year. Production will be consolidated into the company's 275,000 square-foot facility in East Windsor, Conn. STR Holdings expects that approximately 45 employees will be affected by this closure.