centrotherm photovoltaics AG

EANS-News: centrotherm has been selected as the provider for basic engineering and for the technology concept for large-scale polysilicon project in Saudi Arabia by IDEA Polysilicon Company


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Company Information

Subtitle:     • Customer intends to build a polysilicon factory with annual
capacity of 10,000 tonnes
    • MENA region highly interesting market for photovoltaic industry


Blaubeuren (euro adhoc) - February 8, 2012 - centrotherm SiTec GmbH, a 100%
subsidiary of centrotherm photovoltaics AG, has signed a contract for the basic
engineering and the technology concept for a polysilicon factory with IDEA
Polysilicon Company (IPC) in Riyadh, Saudi Arabia. The factory with an annual
capacity of 10,000 tonnes will be situated in the Saudi Arabian city of Yanbu.

All relevant ministries and raw material suppliers, such as the Ministry of
Petroleum and Minerals, Saudi Aramco, the Royal Commission, National Industrial
Clusters, King Abdullah University of Science and Technology, King AbdulAziz
City for Science and Technology, King Abdullah Center for Renewable Energy, and
King Abdullah Petroleum Studies and Research Center have been invited to the
signing ceremony.

"We are delighted to have been able to attract a renowned partner such as
centrotherm with such expertise along the solar value chain for our basic
engineering and technology concept," said Marwan Al Ghurair, CEO of IDEA
Polysilicon Company.

The criteria for the selection of centrotherm as partner for IPC were besides
the supply of competitive polysilicon technology and equipment also the
subsequent extension opportunity along the solar value chain up to the module.
This includes, for example, the production of metallurgical silicon and the
manufacturing of ingots and wafers. This will lead to an increase in domestic
production and the creation of new jobs.

The Arab region is an interesting potential growth market for centrotherm
photovoltaics, the world´s leading technology and equipment supplier in the
solar industry, who do more than 90% of their turnover outside of Germany.
"There is tremendous potential for solar energy in Saudi Arabia and the other
states of the MENA region, which enjoy a lot of sunshine, as solar power is
extremely cost effective compared with other energy sources," said Robert M.
Hartung, CEO and Management Board Chairman of centrotherm photovoltaics AG.


About centrotherm photovoltaics AG
centrotherm photovoltaics AG, which is based at Blaubeuren, Germany, is the
world's leading technology and equipment provider for the photovoltaics sector.
The company equips well-known solar companies and new sector entrants with
turnkey production lines and single equipment to manufacture silicon, ingots
and bricks, crystalline solar cells and modules, and thin film modules. As a
consequence, the Group possesses a broad and well-founded technological basis,
as well as key equipment at practically all steps of the photovoltaics value
chain. centrotherm photovoltaics guarantees its customers important performance
parameters such as production capacity, efficiencies, and completion deadlines.
The Group employs around 1,900 staff, and operates globally in Europe, Asia and
the USA. centrotherm photovoltaics achieved revenue in the 2010 financial year
of EUR 624,2 million, and EBIT of EUR 75.4 million. The company is listed in
the TecDAX index on the Frankfurt Stock Exchange.


Contact:
Saskia Feil
Senior Manager Investor & Public Relations
Tel: +49 7344 918-8890
E-mail: saskia.feil@centrotherm.de

Dr. Torsten Knödler
Manager Public Relations
Tel: +49 7344 918-8898
E-mail: torsten.knoedler@centrotherm.de


Further inquiry note:
Dr. Torsten Knödler
Manager Public Relations
Tel.: 07344 - 918-8898
E-Mail: torsten.knoedler@centrotherm.de

end of announcement                               euro adhoc 
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company:     centrotherm photovoltaics AG
             Johannes-Schmid-Str. 8
             D-89143 Blaubeuren
phone:       +49 (0) 7344 91880
mail:     info@centrotherm.de
WWW:      http://www.centrotherm.de
sector:      Energy
ISIN:        DE000A0JMMN2
indexes:     TecDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English
 

 

 



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