DGAP-News: Eco Supplies Europe AG: Significant business progress since the acquisition of Gällivare PhotoVoltaic AB
(firmenpresse) - DGAP-News: Eco Supplies Europe AG / Key word(s): Miscellaneous
Eco Supplies Europe AG: Significant business progress since the
acquisition of Gällivare PhotoVoltaic AB
11.11.2010 / 12:58
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Significant business progress since the acquisition of Gällivare
PhotoVoltaic AB
Gothenburg, 2010-11-11
Eco Supplies Europe AB announced today that the company has published a
business update of the group's solar division. The presentation is
available on the group's corporate web-site www.ecosupplies.eu.
The achieved progress of the solar division is significant since the
acquisition of Gällivare PhotoVoltaic AB (now known under the new brand
name Eco Supplies Solar AB). Among the achievements at Eco Supplies Solar,
since the take over on 2010-07-14:
- The plant's production speed is currently at an all-time high;
- New sales contracts worth EUR 30 million;
- Plant utilization increase from 30% to over 70%;
- Improvement of employee efficiency by 50%;
- Reduction of production costs by 30%/W;
- Solid finance and credit lines arranged with prime Swedish financial
institutions;
- New materials&process improvements allow for a plant capacity of over
45 MW already.
A more comprehensive presentation is available on the company's website.
Mr. Fredrik Staël von Holstein, Chief Executive Officer of Eco Supplies
Europe AB, comments:
'We are very satisfied with the integration and progress that has been made
within our solar division and we are very much looking forward to a
successful Q4 and 2011'.
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For more information about the Eco Supplies Group, please visit
www.ecosupplies.eu or contact us via email: info(at)ecosupplies.eu or by
telephone - CEO Fredrik Staël von Holstein: +49 172 430 17 98.
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About Eco Supplies Europe AB: visit www.ecosupplies.eu
Eco Supplies Europe AB is a Swedish holding company that is listed on
Deutsche Börse (www.boerse-frankfurt.de). The company's shares are trading
on Xetra under the ticker 7C0. It is a fast growing company with activities
in Renewable Energy Supplies and Ecological Office Supplies.
About Eco Supplies Solar AB: visit www.ecosupplies.eu
Established in 1992 and formerly known under the brand name Gällivare
PhotoVoltaic AB, Eco Supplies Solar was the first company of its kind in
northern Europe and it is still one of the largest Scandinavian producers
of high quality Solar Power Modules. Total yearly production capacity is 50
MW and in 2009 the company reached sales of EUR 49.9 Million.
End of Corporate News
11.11.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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103182 11.11.2010
Datum: 11.11.2010 - 12:58 Uhr
Sprache: Deutsch
News-ID 32572
Anzahl Zeichen: 0
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Kategorie:
Business News
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