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Inventory level leads to temporary suspension of company's manufacturing operations
November 9, 2011
By: DAVID SAVASTANO
Editor, Ink World Magazine
Energy Conversion Devices, Inc. (ECD) announced several actions to further management’s restructuring of the business in response to the dynamic and challenging solar market conditions. First, the company has temporarily suspended all manufacturing operations as an inventory control measure. Second, ECD continues to execute on its restructuring plan focusing on reducing cost, expanding addressable markets and enhancing its technology. Finally, management has begun discussions with repr...
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