U.S. solar system manufacturer Solyndra has signalled its intent to increase its worldwide presence by founding Solyndra International. The subsidiary will be based in Baar, Switzerland, with Clemens Jargon taking on the role of chairman.
“With new sales offices in Italy, France and the Czech Republic and our representative in the Middle East we are establishing strong local capabilities to meet customer needs,” Jargon said. “We are evaluating additional offices in the UK and Benelux as well.
“Our new headquarters in Baar, Switzerland, and the establishment of Solyndra International AG, lays a foundation on which we can extend and optimise our presence to better serve customers throughout Europe, Africa and the Middle East. We will maintain a strong presence in Germany while extending our reach into several key growth areas.”
I’ll defer to any tax expert who wants to weigh in, but this looks like the same sort of corporate structure Dems have railed against in the past.