EANS-Adhoc: aleo solar AG
aleo solar AG ends avim solar joint venture
24.09.2012 – 15:59
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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