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centrotherm photovoltaics AG

EANS-News: centrotherm photovoltaics completes first production line for Chinese state company

Blaubeuren (euro adhoc) -

• Commissioning of 60 MW production line at Lu’an Group Corp.
    • Company enters into agreement for expansion to 1 GW
    • Cost benefits from integrated factory concept
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Company Information
Subtitle:     • Commissioning of 60 MW production line at Lu’an Group
Corp.     • Company enters into agreement for expansion to 1 GW     •
Cost benefits from integrated factory concept
September 22, 2010 - The first step of the
large-scale solar cell production project at Chinese state company 
Lu'an Group Corp. in Changzhi has now started successfully. The 60 MW
solar cell turnkey factory is based on state-of-the-art technologies.
The investment volume is in the double-digit euro million range.
At the same time, the foundation stone was laid for additional 
production lines to manufacture solar cells to a level of between 300
and 360 MW, which will be installed during the second expansion 
stage. The related investment is in the lower triple-digit euro 
million range. In overall terms, the company plans to expand its 
manufacturing capacity to one gigawatt (GW) over the coming years, as
set out in a cooperation agreement.
In parallel, centrotherm SiTec GmbH, a one hundred percent 
centrotherm photovoltaics AG subsidiary, is setting up production 
systems at Lu´an Group for the manufacture of polysilicon with annual
production output in excess of 3,000 tonnes.
"We are successfully implementing the integrated factory concept by 
delivering polysilicon production and solar cell manufacturing as a 
one-stop solution, thereby positioning our customers as cost leaders 
on the market," stated Hans Autenrieth, Management Board member 
responsible for sales at centrotherm photovoltaics. "The Luan Group 
is enjoying double benefits at the same time - in addition to 
integration, there are also the benefits of scale thanks to capacity 
expansion."
About centrotherm photovoltaics AG centrotherm photovoltaics AG, 
which is based at Blaubeuren, 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, 
crystalline solar cells 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 over 1,300 staff members, and
operates in Europe, Asia and the USA. In the 2009 financial year, 
centrotherm photovoltaics achieved revenue of EUR 509.1 million, and 
EBIT of EUR 37.2 million. The company is listed in the TecDax of the 
Frankfurt Securities 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
Christina Siebels, Britta Cirkel
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-58 /-56,
E-mail:  c.siebels@hoschke.de;  b.cirkel@hoschke.de
end of announcement                               euro adhoc

Further inquiry note:

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

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Index: TecDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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