aleo solar AG

EANS-Adhoc: aleo solar AG
aleo solar AG ends avim solar joint venture


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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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24.09.2012

aleo solar AG [ISIN: DE000A0JM634) ends the avim solar production Co. Ltd. joint
venture based in Gaomi, China. The Board of the joint venture decided to
dissolve it. Production will be shut down soon at the Gaomi plant, where the
joint venture produced solar modules under the brand avim with 246 employees. 

Sustainably cost-effective production is no longer possible at Gaomi due to the
price drop, particularly for Chinese modules. aleo solar will supply only the
premium segment in the future. 

The Gaomi plant began production at the end of 2008 and its capacity by now is
90 megawatts.


Further inquiry note:
Hermann Iding
Corporate Communications
Tel.:   +49 (0)441-21988-390
E-Mail:  Invest@aleo-solar.de

end of announcement                               euro adhoc 
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issuer:      aleo solar AG
             Marius-Eriksen-Straße 1
             D-17291 Prenzlau
phone:       +49(0)441 21988-0
FAX:         +49 (0)441 21988-690
mail:     invest@aleo-solar.de
WWW:      http://www.aleo-solar.de
sector:      Alternative energy
ISIN:        DE000A0JM634
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English
 

 

 



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