Archive for April 5th, 2013
4/5

Source One logoThe Roles of Education & Experience in Procurement white paper from procurement services consultancy Source One Management Services underscores the importance of college and post-secondary education for procurement professionals who want to reach the highest corporate ranks.
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Credit: Coyau

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Credit: David Castillo Dominici.

Credit: David Castillo Dominici.

In late March Suntech, an 800-pound gorilla in solar panel manufacturing, ended up in bankruptcy court, becoming what the Associated Press (AP) called “the latest casualty of a painful slump in the global solar industry,” a slump which has also claimed the likes of Germany’s Q-Cells.

According to AP, “Suntech Power Holdings Ltd. said eight Chinese banks asked a court to declare it insolvent after the company missed a $541 million payment to bondholders last week.” Suntech declined to oppose the move, with Suntech CEO David King saying the company will “evaluate restructuring initiatives and strategic alternatives.” Read more


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