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School: People Making Connections Quest 01: Contact Task 01: Press Release |
updated 7/12/2002 9:27:00 AM by Mika O. |
Report: Kyocera Solar, Inc. Sells Argentine Operations |
Kyocera to continue solar electric systems business in Argentina through new company SCOTTSDALE, ARIZONA (July 2, 2002) – Kyocera Solar, Inc. today announced the sale of Kyocera Solar Argentina S.A., which is based in Buenos Aires, Argentina and includes a manufacturing operation in La Rioja, Argentina, to Fernando J. Salgado, a long-time employee and division manager. Terms of the sale were not disclosed. Salgado has re-named the company “Solartec S.A.,” and has entered into supply/purchase and license agreements with Kyocera Solar, Inc. Under the terms of these agreements, Solartec will continue to market Kyocera solar products and manufacture specialty products for Kyocera Solar, Inc. Salgado, President of Solartec, S.A., stated, “Solartec intends to continue our tradition of providing quality products and service, and we look forward to a prosperous and rewarding relationship with Kyocera Solar, Inc. as its customer and supplier. I also wish to thank all of the people at Kyocera with whom we have worked over the past several years for their continuing support.” Kyocera Solar, Inc. will continue to focus on providing quality solar-related products and solutions in the areas of residential and commercial grid-tie, industrial systems, and water pumping to its dealer/OEM customer base in both the U.S. and international markets. About Kyocera Kyocera Corporation (NYSE: KYO), parent and headquarters of the global Kyocera Group, has sold and installed more than 23,000 residential solar systems. Since its founding in 1959, the company has combined its core competency in advanced materials with other technologies to become a leading producer of solar energy systems; industrial and electronic components; and information and communications equipment, including wireless phones, copiers, printers, faxes and cameras. Kyocera Corporation recorded consolidated sales of $7.78 billion for the year ended March 31, 2002, and was ranked #211 on Industry Week magazine’s 2002 listing of “The World’s 1,000 Largest Manufacturing Companies.” |
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