Longi Denies Rumors About Factory Closures in Southeast Asia
Chinese manufacturer Longi says it is not shutting down its factory in Malaysia, nor it is idling its production lines
PV Magazine International 1:16 pm on June 6, 2024
Longi denies Southeast Asia plant closures rumors, stating production adjustments amid US anti-dumping duties and overcapacity concerns.
- Rumor Denial: Longi refutes claims of planned factory shutdowns.
- Production Adjustments: Due to market conditions and equipment upgrades, company adjusts plans regionally.
- US Anti-Dumping Duties: US government's pending investigations into Cambodian PV cells could impact global supply chain dynamics.
- Job Reduction Strategy: Longi announced a workforce optimization plan, contradicting false 30% layoff claims.
https://www.pv-magazine.com/2024/06/06/longi-denies-rumors-about-factory-closures-in-southeast-asia/