DGAP-News: SiC Processing closes contract negotiations for further expansion successfully
(firmenpresse) - DGAP-News: SiC Processing GmbH / Key word(s): Issue of Debt
SiC Processing closes contract negotiations for further expansion
successfully
28.02.2011 / 16:21
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- successfull participation at PV fair in Shanghai
- further 75.000 tons per year contracted
- further strenghtening of market position
Hirschau, 28th February 2011 - looking back on the past SNEC PV Power Expo
2011 in Shanghai, SiC Processing announces a successfull participation at
the fair. Besides many interesting meetings and contacts SiC Processing was
able to close contract negotiations successfully.
SiC Processing managed to sign contracts with 3 nameable chinese wafer
producers for further 5 production lines with a total capacity of 75.000
tons per year for recovering and recycling used sawing suspension
(=slurry) for PV industries. This equates to a total investment of
approximately 45 million EUR.
Together with the existing capacities and plants under construction SiC
Processing reaches a total capacity of cir. 400.000 tons per year worldwide
by Q1/Q2 2012.
By this further expansion SiC Processing is able to enhance its market
share of 40% worldwide and to strenghten its position as market leader for
the recovering and recycling of used sawing suspension.
'We are very glad and proud about the positive development of SiC
Processing and want to thank all our customers for trusting in our
technology and know how', Thomas Heckmann (CEO SiC Processing GmbH) points
out.
SiC Processing GmbH
SiC Processing GmbH is the leading provider for the recovery of used slurry
from the photovoltaic and the semiconductor industry. With about 700
employees worldwide by end of 2010 the company was able to increase its
turnover by 54% to 160 million EUR and the EBITDA by 50% to 51 million EUR.
With a production capacity of 215.000 tons per year SiC Processing is
represented in 5 countries all over the world at the end of 2010.
Production sites are located in Germany, China, Norway, Italy and USA. The
founder family holds a 25% stake beside the majority shareholder Nordic
Capital Fund VII.
Press Contact:
Markus Kreuzer
Marketing and Communications Manager
Telefon/Phone: 0049 (0) 9622 - 70 39 273
E-Mail: markus.kreuzer(at)sic-processing.de
End of Corporate News
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113813 28.02.2011
Datum: 28.02.2011 - 16:21 Uhr
Sprache: Deutsch
News-ID 33325
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