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Keyword: flabeg

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  • Flabeg, solar energy company in Findlay, going bust ( Pittsburgh's Solyndra )

    04/10/2013 12:26:03 AM PDT · by george76 · 11 replies
    Pittsburgh Post-Gazette ^ | April 4, 2013 | Erich Schwartzel
    A Findlay-based solar power firm that was awarded nearly $20 million in state and federal tax breaks and grants ceased production last week and cannot afford to pay $197,000 that terminated employees say is owed in severance packages. Flabeg Solar U.S. Corp. will "most probably" file for Chapter 11 bankruptcy but is open to takeover offers, said its Pittsburgh attorney, Robert Lampl. Flabeg's parent company in Germany has cut off funding for the subsidiary, which operated in a 4-year-old, 228,000-square-foot facility covering more than three acres near the Pittsburgh International Airport. ... Over the past several years, the solar industry...