REC Silicon ASA Updates Third Quarter Production Estimate due to Incident
(Thomson Reuters ONE) -
Moses Lake, Washington USA - July 3, 2016.
REC Silicon ASA reported on May 3, 2016 that it would restart production at its
Moses Lake, WA Silane III facility and half of its FBR capacity in May 2016.
Silane IV was expected to restart with the remaining FBR capacity in June 2016.
On July 1, during the startup of Silane IV an oil fire occurred in one of three
gas fired oil heaters. REC Silicon emergency response personnel were activated
at 7:30 AM, extinguished the fire, and an all clear was given at 10:03 AM.
There were no injuries or releases of process chemicals caused by this incident.
Silane III started up in May and is operating at near full capacity. The FBR
facility was not impacted, however, FBR capacity will be impacted by Silane gas
limitations caused by this incident.
The fire in Silane IV resulted in damage to the gas fired oil heater involved in
the incident. The Company currently anticipates the restart of Silane IV will
occur in mid July and that production rates may be limited to approximately two
thirds capacity of Silane IV through the third quarter of 2016.
Third quarter granular polysilicon production is currently estimated at 3,800
MT, which is about 800 MT below the third quarter volume previously guided.
At this time there is no anticipated change to the previously guided fourth
quarter granular polysilicon production volume.
For further information, please contact:
James A. May II, CFO
REC Silicon ASA
Phone: +1 509 989 1023
Email: james.may(at)recsilicon.com
Chris Bowes, Investor Relations
REC Silicon ASA
Phone: +1 509 793 8127
Email: chris.bowes(at)recsilicon.com
Nils O. Kjerstad
IR Contact Europe
Phone: +47 9135 6659
Email: nils.kjerstad(at)crux.no
About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity polysilicon and silicon gas to the solar and electronics industries
worldwide. We combine 30 years of experience and proprietary technology with the
needs of our customers, with annual production capacity of more than 20,000 MT
of polysilicon from our two US-based manufacturing plants. Listed on the Oslo
Stock Exchange (ticker: REC), the company is headquartered in Fornebu, Norway.
For more information, go to: www.recsilicon.com
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: REC Silicon ASA via GlobeNewswire
[HUG#2025013]
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Datum: 04.07.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 481340
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