The
deal
includes
Q-Cells'
research
and
production
site
in
Thalheim,
Germany
and
its
Malaysian
facility.
Hanwha
will
keep
about
75%
of
the
Thalheim
workforce.
It
will
also
take
on
Q-Cells
debts
worth
around
300bn
won,
according
to
the
Korean
company.
Q-Cells
filed
for
bankruptcy
in
April
this
year,
becoming
the
most
high-profile
casualty
in
an
industry-wide
shakeout
driven
by
declining
support
for
solar
subsidies
in
key
European
markets
and
the
build-up
of
huge
production
capacity
in
low-cost
markets,
particularly
China.
Asian
companies
are
expected
to
be
the
beneficiaries
of
this
shakeout.
Q-Cells’
smaller…
