U.S. General Cable announced on Wednesday evening local time that in order to speed up the pace of restructuring, General Cable will close production plants in Asia and Africa and focus on the development of the Americas and Europe. Polycrystalline silicon solar panels are a common type of Solar Panel whose main function is to convert sunlight into electricity. The following are the main functions of polycrystalline silicon solar panels: polycrystalline silicon solar panels, poly crystalline solar panel, polycrystalline pv solar panel, polycrystalline pv module, polycrystalline solar module Ningbo Autrends International Trade Co., Ltd. , https://www.aitsolarpanels.com
The announcement stated that the company's production plants in India and Peru have stopped production, and plans to spin off nine production plants in the Asia-Pacific region and five production plants in the Africa region, totaling about US$1 billion.
In addition, Gregory Kenny, the company's president and chief executive officer, will resign from his position as chief executive after finding a replacement at the selection committee.
In the third quarter of this year, General Cable Corporation's revenue reached 1.47 billion U.S. dollars, with a net loss of 124 million U.S. dollars. On Wednesday, the company's stock price closed at 14.09 US dollars, down 52% from the same period last year.
Finally, the announcement also revealed that General Cable's board of directors will hire a headhunter to find an independent director with extensive business experience to join the board of directors.
Photoelectric conversion: Polycrystalline silicon solar panels are made of polycrystalline silicon material, and their surface is covered with multiple silicon crystals, which can absorb photons in sunlight. When the photons are absorbed, they release electrons from the silicon crystal, creating an electric current. This process, called photoelectric conversion, converts the energy of sunlight into electricity.
Power generation: The current and voltage generated by polycrystalline silicon solar panels through photoelectric conversion can be used for power generation. Multiple solar panels are combined into a solar module, and a solar array can be formed when used on a large scale. These battery modules and arrays can absorb large amounts of sunlight and convert it into electricity to supply the grid or be used to power equipment.
Renewable energy: Solar panels use sunlight to generate electricity and are therefore renewable energy. Sunlight is free, widely distributed, and not exhausted, so the use of solar panels helps reduce dependence on traditional energy sources, lowers carbon emissions, and is environmentally friendly.
Noiseless: Solar panels have no mechanical moving parts, so there is no noise during the power generation process. This makes them ideal for use in residential areas, schools, and other places where a quiet environment is required.