Suntech hopes Arizona plant to ease US job worries

LOS ANGELES, Nov 16 (Reuters) – Suntech Power Holdings Co Ltd (STP.N), China’s largest solar panel maker, hopes its first U.S. manufacturing plant in Arizona will ease worries that China may be taking green jobs from the United States, an executive said on Monday.

Suntech said on Sunday that it picked Arizona as the site for its U.S. panel assembly facility, which will use solar cells shipped from China. [ID:nBNG62856]

Shares of Suntech, which is set to report quarterly results on Thursday, were up nearly 13 percent at $15.47 in trading on Monday on the New York Stock Exchange.

“This is truly an international marketplace, especially when you’re talking about solar. It always has been. It makes a very positive statement — here’s a Chinese solar company that’s literally exporting jobs from China to the U.S.,” said Roger Efird, managing director of Suntech.

“We’re hoping that this kind of action helps to alleviate the worries that some people have about alternative energy jobs moving overseas,” Efird said.

Suntech plans to open its new plant in the third quarter of 2010 with an initial capacity of 30 megawatts and a staff of 75 people. The plant is part of its long-term strategy for the United States, which the company expects to be its biggest market in three years.

Piper Jaffray analyst Jesse Pichel said that Suntech’s plans for U.S. manufacturing are primarily political for now but could pay off economically in the future.

“If you want to be a global player, you have to have global production to meet local market demand,” Pichel said.

“In the future if the U.S. can be the size of the German market, then putting (manufacturing) in the States will have some economic benefit. But clearly right now, it’s a political move. Everyone wants jobs,” Pichel said.

He noted that federal buildings may require U.S.-made solar panels. “Given that Suntech uses a lot of silicon made in Texas and with module assembly in Arizona, they would be as ‘Made in the USA’ as anybody,” Pichel said.

Suntech Power Holdings Co. Ltd. (STP)
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Middlesex Water Acquires Twin Lakes Water Services, Inc.

ISELIN, NJ–(Marketwire – 11/05/09) – Middlesex Water Company (NASDAQ:MSEX - News), a provider of water and wastewater services today announced it has acquired the assets of Twin Lakes Water Services, Inc., which serves approximately 330 people in Shohola, Pennsylvania in the northeastern part of the state.

“This acquisition is but one example of opportunities for profitable growth beyond our core New Jersey and Delaware operations,” said Middlesex President & CEO Dennis W. Doll. “Twin Lakes is a transaction that is consistent with our focus on paying reasonable prices for systems that can yield a fair return for our shareholders. The residents will benefit from additional capital investments we will make to improve overall service quality and with our further focus on keeping rates affordable,” added Doll.

About Middlesex Water Company

Middlesex Water Company, organized in 1897, provides regulated and unregulated water and wastewater utility services in New Jersey and Delaware through various subsidiary companies. For additional information regarding Middlesex Water Company visit our website at www.middlesexwater.com or call (732) 634-1500.

Middlesex Water Company
(NasdaqGS: MSEX)
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Blue Earth Solutions and their EcoStrategy

Blue Earth Solutions is here to maximize our actions toward improving our planet, bringing the earth closer to keeping our Blue Earth Blue. Every one of our employees is hand picked for having both the highest possible skills for their task and the same passion for our environment as we do.

We feel extremely fortunate to have this opportunity and responsibility. The opportunity to benefit stakeholders and positively impact our planet, which we all as humans hold stock in.

No more scare tactics or single-sided statistics. BESN believes that anyone motivated enough to be reading this right now is aware of Earth’s ecological state and willing to join in on the action.”

Every chemistry teacher has said that EPS foam products would be around longer than the Statue of Liberty… Not any longer.

Blue Earth has the Solution, the StyroSolvesm process!

The unique StyroSolvesm process mixes EPS and other foam products in the grinder/reducer with StyroSolve™ solvent. This mixture becomes a gel we call Polygel™ that reduces the volume of the EPS by as much as 98%. Reducing the EPS to such a tiny amount reduces the number of trucks needed to haul away the recycled EPS, thus reducing the carbon footprint of transporting the EPS by 8 times.

The Polygel™ is put into an extruder where two things happen:

* The StyroSolvesm solvent is evaporated off and captured to be reused
* The clean polystyrene is pelletized and sold to a plastics manufacturer as raw material

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If this is something that interests you email us:

Call 561-674-2169 or email us for information.

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