- Melton Mowbray, Leicestershire
Responsible for swiftly and safely reacting to breakdowns on a broad range of equipment around the plant
- Recruiter: Mars Pet Care
- Ashford, Kent
Planning and execution of all activities and to develop and conduct appropriate procedures of company equipment, processes, products and systems.
- Recruiter: Thermo Fisher Scientific Inc.
- Totnes, Devon
- Up to £30,000 p.a. + benefits
Control Systems Engineer, with 1+ years industry experience to join our innovative, growing business. Degree qualified. Good salary + benefits
- Recruiter: Argand Solutions Ltd
- London (Greater)
- £26,000 - £30,000 basic salary + target bonus
Technical Sales: Are you an enthusiastic sales or account executive with a can do attitude?
- Recruiter: Precision Microdrives
- Birstall, Leeds, West Yorkshire
- £23k – 29k plus excellent benefits
Would you like to start a career at Mars as Electrical Technician?
- Recruiter: Mars Pet Care
- LE5 5LZ, Leicester
We are looking for an electrical design engineer who can provide expertise to support the engineering team.
- Recruiter: Cressall Resistors Limited
- Stevenage, Hertfordshire
These roles encompass the development of knowledge and skills in each of the relevant skill areas
Carrying out manufacturing and test tasks within the electrical department
This is an excellent opportunity to join the UK Manufacturing team as it embarks on building a new production facility
- Stevenage, Hertfordshire
An opportunity has arisen for a Manufacturing Manager to lead the Manufacturing Operations and Logistics teams within the Manufacturing workshops
China’s solar giants predicted state bailouts, say experts
China’s $20bn solar industry is circumventing loan defaults and mergers by taking aid from local governments in order to preserve jobs at cash-haemorrhaging companies, including LDK Solar Co, the world’s second-biggest maker of solar cells.
LDK agreed last month to sell a 19.9 per cent stake to a renewable-energy investor part-owned by the city of Xinyu. Suntech Power Holdings Co (STP), the world’s largest solar-panel maker, received a $32m loan in September, organised in part by Wuxi. The aid is set to assist in what are reported losses of $987m in 2012.
Central governments are attempting to put forward mergers, stated Jeremy Haft, BChinaB Inc founder. Bail-out loans seek to counter merger efforts. China has previously pushed consolidation to strengthen industries such as steel and coal.
Haft reports that municipal bodies want solar manufacturers “to keep the lights on and not lay people off. There are a lot of people unemployed” in China and local government officials seek to avoid factory closures.
The aid efforts have not sparked a rally in LDK and Suntech as they report losses of 27 per cent and 12 per cent respectively in the last three months.
Currently GCL-Poly Energy Holdings Ltd (3800), the world’s biggest solar-wafer maker, has increased 19 per cent in the last three months. The company has been tipped in Chinese news reports as a possible merger partner.
The China Securities Journal said national government-run China Development Bank Corp is encouraging consolidation between panel makers with a pledge for financial support for 12 companies. The move could lead other struggling solar manufacturers to close or agree to takeovers, the journal said.
China Development Bank is committed to keeping faltering solar companies afloat, according to Melanie Hart, policy analyst at the Center for American Progress. Hart reported that the lender is putting pressure on local governments to support companies to prevent defaulting on loans. The bank is telling local officials “we won’t lend anymore to anyone in your region until they pay us back”, she said.
Local government assistance may be the biggest obstacle to making China’s solar industry competitive, said Shyam Mehta, solar analyst at the Boston-based consulting company GTM Research: “Until they stop supporting the uncompetitive manufacturers, this won’t go away. If LDK was allowed to fail, the market reaction would actually be positive.”
Neither LDK nor Suntech remain profitable as both will struggle in debt repayments, says Pavel Molchanov, an analyst at Raymond James & Associates Inc in Houston. LDK is expected to lose $518m this year and Suntech may post losses of $469m. In an interview, Molchanov claimed that LDK and Suntech “egregious” balance sheets and would be “imminent bankruptcy candidates if they were American or European. But they’re not, so we kind of have to look at them differently”.
Molchanov said: “Every province, every city, every bank is going to try to protect their vested interest as best they can. That’s why kicking the can down the road has been the dynamic so far.”
LDK is estimated to have around $3.6bn in total debt. The company agreed in October to issue new shares that will be bought by Heng Rui Xin Energy Co, a company 40 per cent owned by the Xinyu State-owned Asset Management Co, giving it a 19.9 per cent stake. That agreement was the second show of support for LDK from the city in three months.
"Read about the key issues that are getting people talking, from the UK's flood defences and doping in sport to the dirty tricks of cyber criminals"
- US readies missile defence systems against North Korean rocket launch
- Artificial liver microbioreactor helps replace animal testing
- Obama wants oil tax to fund driverless cars and green transport
- Power challenge offers £2000 prize to electronics researchers
- Honda forced to recall 5.7m cars with faulty airbags
- Contact lenses become computer screens with new polymer coating
- Bluetooth and the Internet of Things: Mark Powell, Bluetooth SIG
- World’s largest off-shore wind farm to be built in Yorkshire
- Ground-penetrating radar spies on wombat colonies
- Nuclear fusion experiment launched in Germany
- Hack-proof RFID chip makes identity theft impossible