Celestica Inc. has decided to exit the production of solar panels and as a result has suspended such activities at its two locations. The company explained last week that it no longer expects to generate reasonable returns from the production of solar panels due to the market instability and global oversupply of such products. It said that these negative factors are seen to be prolonged. Because of the closure of solar panel manufacturing operations, Celestica has incurred about USD 21 million (EUR 19.6 million) in restructuring charges during the fourth quarter of the year, including a USD 19 million impairment charge to write down the carrying value of the company's solar manufacturing equipment to recoverable amounts.