DGAP-News: NEW VALUE AG: New Value's portfolio company Solar Industries AG gets land purchase in Langenthal approved
(firmenpresse) - EquityStory AG-News: NEW VALUE AG / Key word(s): Miscellaneous
NEW VALUE AG: New Value's portfolio company Solar Industries AG gets
land purchase in Langenthal approved
04.07.2011 / 17:50
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The Langenthal city council unanimously approved of the land purchase by
Solar Industries AG (SIAG) in the scope of its meeting on 27 June 2011.
This is the final starting signal for SIAG's implementation of the planned
production site for photovoltaic modules in the industrial area
Steiachermatte of the Langenthal community in the canton of Bern. New Value
holds 30.2% of SIAG's share capital.
Setting up the largest module production in Switzerland is Solar
Industries' active contribution to the Swiss energy turn. According to
SIAG's philosophy of 'local for locals', the mono- and polycrystalline
SI-Power modules, which are mainly destined for the local Swiss market, are
produced locally in Switzerland. 'In contrast to other providers, SIAG also
bases its module production on utilisation of European components. This is
an additional important contribution to protection of resources and the
environment,' emphasizes Rolf Wägli, administrative president of Solar
Industries AG. 'Therefore, the SIAG modules offer an unprecedented
life-cycle assessment result.'
The construction petition for the new building was filed on 26 May 2011 and
work is to be taken up in August 2011. Thomas Cadonau, CFO and Business
Development manager of SIAG, mentions the very good and smooth cooperation
with the Langenthal municipality in connection with building the future
production centre. This cooperation is to be continued similarly in future.
Production ramp-up after completion of the building will take place in the
first quarter of 2012. From the second quarter of 2012, Solar Industries
premium modules will be produced in Langenthal to complement the Freiburg
module production. 'About 40 persons will be employed by Solar Industries
initially when our Swiss production takes up operation,' explains Matthias
Schoft, COO of SIAG. He adds that this number is to increase to about 70
employees working in three-shift operation by mid-2012.
Marcel Ottenkamp was elected as a new member of the SIAG Board of Directors
At the General Meeting of Solar Industries AG (SIAG), which was held on 24
June 2011 at the headquarters in Niederurnen, Mr Marcel Ottenkamp, a member
of the executive board of Energie Wasser Bern (ewb), was elected as a new
member of the Board of Directors. The Chairman of the SIAG Board of
Directors, Mr Rolf Wägli, was elected fur a further three years. In
addition, all of the proposals made by the Board of Directors were accepted
unanimously.
Information about Solar Industries AG
Solar Industries AG (SIAG) pursues a growth and Buy&Build strategy for its
solar module production and marketing value chain. SIAG invests in new and
existing companies, as well as in companies under development, from the
photovoltaic area. It strives for their competitive industrial integration.
Local module production for local markets (local for locals) is of the
utmost importance in this.
SIAG already participates in four module productions in Germany, Italy and
the U.S. via SI Module GmbH and MX Group. These plants have a current
capacity of approx. 200 MWp per year. The majority participation of SI
Solutions GmbH, headquartered in Puchheim near Munich (Germany) also gives
SIAG a presence in the PV system provider sector and PV system construction
on the largest solar market in the world.
End of Corporate News
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Language: English
Company: NEW VALUE AG
Bodmerstrasse 9
8027 Zürich
Schweiz
Phone: +41-43-344 38 38
Fax: +41-43-344 38 39
E-mail: info(at)newvalue.ch
Internet: www.newvalue.ch
ISIN: CH0010819867
Swiss Security Number: 552932
Listed: Regulierter Markt in SIX; Freiverkehr in
Berlin, Düsseldorf, München, Stuttgart; Open
Market in Frankfurt
End of News EquityStory AG News-Service
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130786 04.07.2011
Datum: 04.07.2011 - 17:50 Uhr
Sprache: Deutsch
News-ID 34533
Anzahl Zeichen: 0
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Kategorie:
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