SiC Processing reacts on Market Development
(firmenpresse) - SiC Processing GmbH / Key word(s): Enterprise/
SiC Processing reacts on Market Development
DGAP-Media / 09.12.2011 / 11:00
---------------------------------------------------------------------·Short-time work at Production plant in Bautzen·Significant Part of Production Capacity at Production Plant in Norway
currently decommissioned·Commissioning of first Production Line at new Production Plant in
Zhenjiang / China
Hirschau, 9th December, 2011 - responding to recent developments in the PV
industry worldwide, especially in Europe, as well as to the prevailing
difficult market environment, SiC Processing initiated programs at two of
their international locations.
SiC Processing (Deutschland) GmbH announced short-time work at their
location in Bautzen, Germany. By this action approximately 100 employees
are affected. Reduction of production capacities at European wafer
manufacturers and for this reason lower slurry volumes prompted SiC
Processing to initiate this measure.
At their sites Heroya and Glomfjord (Norway) SiC Processing AS has taken a
significant part of their existing production capacities out of service.
The permanent shut down of parts of production facilities for
multicrystalline wafers at the main customer of SiC Processing in
Norway lead to lower volumes of sawing suspension (slurry) to be processed
and recycled in Heroya and Glomfjord. As a result the operation of parts of
the production facilities is no longer economic.
Despite the general difficult market environment in the PV industry SiC
Processing continuously follows and realizes its expansion plans in Asia.
In November 2011 SiC Processing commissioned the first of 6 production
lines at its new production site in Zhenjiang in China. Production Line 2
is being commissioned at present, line 3 will be completed until end of
December 2011. In total, after completion of the 6 production lines in
Zhenjiang, there will be approximately 90,000 tons of annual capacity for
the recycling of used sawing suspension available at that location by end
of 2012, but due to the current market situation initially not fully
utilized.
Another 30,000 tons of annual capacity will be available at the new
production site Jingdezhen in China after completion of work mid 2012. This
capacity also will initially not be fully utilized due to the market
environment.
Please register at our website
http://www.sic-processing.com/index.php/Newsletter.html
to automatically receive the latest news of SiC Processing group.
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 900
employees worldwide the group is located with an annual production
capacity of currently 247,000 tons per year in 5 countries all over the
world. 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
Head of Marketing and Communications
Phone: 0049 (0) 9622 - 70 39 273
E-Mail: markus.kreuzer(at)sic-processing.de
End of Media Release
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