centrotherm photovoltaics AG

EANS-News: centrotherm photovoltaics reports successful cooperation with Chinese state company in key polysilicon production equipment areas

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Company Information

Subtitle:       • Commissioning of second expansion step currently underway with
annual capacity of 3,000 tones
      • Customer STSIC focusing on integrated solar manufacturing chain with
centrotherm technology and systems ranging from polysilicon production to
ingoting and solar cell production

Blaubeuren (euro adhoc) - December 19, 2011 - centrotherm SiTec GmbH, one of the
world´s leading technology providers for polysilicon, last week celebrated the
successful cooperation with its Chinese customer Shaanxi Tianhong Silicon
Industrial Corporation (STSIC) in key equipment items for the first expansion
step for polysilicon production. The Chinese state company, which is
headquartered in the Shaanxi Province, had previously signed its final
acceptance, the so-called Final Acceptance Test (FAT). The two companies will
meanwhile optimize processes further and bolster research and development into
cutting energy consumption. STSIC has expressed its satisfaction with the
cooperation venture, and is pleased with its results. centrotherm SiTec, for its
part, enjoys certain benefits in terms of technology.

The first expansion step is arranged for annual capacity of around 1,250 tonnes
of polysilicon to semiconductor quality. centrotherm SiTec prepared the factory
concept, developed the process flow, accompanied the project through the
planning and implementation stages, delivered the key equipment (reactors and
converters), and started up the system together with the customer. centrotherm
photovoltaics and STSIC are working hard together on the current commissioning
of the second expansion step at STSIC, which entails state-of-the-art 24-pair
reactor technology, and offers planned annual production of 3,000 tonnes to
semiconductor quality.

Along with polysilicon production, STSIC is focusing on technology and systems
from centrotherm to manufacture ingots and solar cells. Favorable production
costs can be achieved by relying on this integrated solar value chain. STSIC
achieved "First Ingot Out" with a centrotherm multi-crystalline ingot furnace
in the middle of this year. Furthermore, two solar cell production lines with
a total of 60 MW annual capacity are currently being commissioned.

For centrotherm, STSIC is an important solar market player that focuses on
integration along the solar value chain to achieve optimally coordinated
manufacturing processes that offer both lower operating costs and outstanding

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.

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 

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: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München 
language:   English

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