Facility transforms from snapshots to solar energy
Konarka develops former Polaroid facility into solar manufacturing plant
A former Polaroid plant has been developed into a thin-film solar manufacturing facility. According to reports in the Providence Business News and Graphic Arts Online , Konarka Technologies Inc. has signed a $10 million long-term lease on a 257,000-square-foot building in the former Polaroid complex in New Bedford, MA. The facility was the home of Polaroid Corp.’s advanced printing technologies until 2005. MultiLayer Coating Technologies operated in that space, but discontinued operations in 2007, according to Providence Business News.
The report in Graphic Arts Online stated that Konarka “hired technology and process engineering teams from Polaroid, and plans to hire more than 100 additional employees as production increases toward capacity over the next two to three years.” Currently, the plant has less than 24 employees.
Konarka has developed a product called Power Plastic, a low-cost material that converts light to energy for indoor, portable, outdoor and building-integrated solar uses. The material is said to be lightweight, flexible and more versatile than traditional solar materials.
Venture capital and private-equity funding sources have provided Konarka with more than $100 million. Government research grants from the U.S. and Europe account for another $18 million for the company. State and local tax breaks will help offset Konarka’s expansion costs, according to Providence Business News.
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2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.