By Thomas Content of the Journal Sentinel
May 8, 2014
A Menomonee Valley solar panel factory won’t reopen, after its new Chinese owner decided to open a plant instead in North Carolina, a local economic development official said.
Helios Solar Works filed for receivership, a process similar to bankruptcy, late last year.
A Chinese company, Chinaland Solar Energy, bought the company’s assets during the receivership proceeding. At the time, the Chinese firm indicated that it wanted to reopen the Milwaukee plant.
But the company’s representatives recently informed the Milwaukee 7 economic development group that they will instead open a factory in North Carolina, said Jim Paetsch, Milwaukee 7’s vice president of corporate relocation and expansion.
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