centrotherm photovoltaics wins major strategic order
- First cross-divisional order confirms company's vision
- Silicon: plants and engineering services
- Solar cells: 30 MW turnkey production lines
- Current order book of EUR 874.2 million
centrotherm photovoltaics AG has won a major strategic order from Shanxi Lu'an Mining Corporation Ltd, Houbu, Shanxi, China, which comprises almost the entire value-creation chain ranging from polysilicon production through to solar cell manufacturing. Besides two 30 MW turnkey production lines to produce solar cells, the company is supplying a large number of reactors and converters, and is offering engineering services for polysilicon production. The plants that centrotherm photovoltaics is supplying will enable the production of around 2,500 tons of polysilicon. The parties have agreed to not disclose the order volume.
The supply of the plants and production lines is planned to start in mid-2009. This means the order will have an impact on sales and earnings in 2009 and 2010. The order raises the total order book position to EUR 874.2 million.
"This order has major strategic significance for us," commented Hans Autenrieth, Management Board member of centrotherm photovoltaics AG. "We have not only managed to successfully place our turnkey production lines as the first supplier in China, but we have also reached an important milestone on our way to the fully integrated factory: we are already in a position to offer our customers technology and equipment ranging from silicon production all the way through to solar cells. The fact that this is more than simply a vision of the future is demonstrated by the confidence invested in us by our new Chinese customer, Shanxi Lu'an. We also anticipate dynamic developments in future here."
China is one of the world's largest markets for the production of solar cells and solar modules. Over 50 established manufacturers in China are driving continued demand for polysilicon and turnkey products in the solar cell area. Sector specialists anticipate an installed cell capacity of 4 Gigawatt by the end of 2009.
About centrotherm photovoltaics AG
centrotherm photovoltaics AG, which is based at Blaubeuren, is one of the world's leading technology and service-providers for the manufacturing of solar cells and solar silicon. The broad product spectrum comprises key equipment and turnkey production lines for crystalline and thin-film solar cells. The product range is supplemented by reactors and converters for the manufacturing of solar silicon. centrotherm photovoltaics guarantees its customers important performance parameters such as production capacity, degree of efficacy, and completion deadlines for turnkey lines. The centrotherm photovoltaics Group currently employs 330 staff members at its locations in Blaubeuren, Burghausen, Constance, and Dresden, and operates globally in Europe, Asia, and the USA. The company achieved revenue in the financial year 2007 of EUR 166.2 million, EBIT of EUR 21.1 million, and is listed in the TecDax of the Frankfurt Stock Exchange.
centrotherm photovoltaics AG
Listing: Regulated Market/Prime Standard, Frankfurt Securities Exchange
Registered Office: Germany
Senior Manager Investor Relations
T +49 7344 918-8890