SiC Processing commissions Production Lines in China

SiC Processing GmbH / Key word(s): Enterprise/

05.04.2012 / 16:30

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· Commissioning of Production Line 4 at plant Zhenjiang
· Draw down of Loan by Bank of China in the amount of 130 million RMB
· Commissioning of Production Line 5 at Plant Baoding
· Shut down of Production Plant in Glomfjord in Norway

Hirschau, 5th April, 2012 - Despite the general difficult market
environment in the PV industry SiC Processing continuously follows its
expansion plans in Asia. After commissioning the first 3 production lines
in Zhenjiang in November and December 2011, in March 2012 the 4th
production line has now started production as scheduled. In total, after
completion of the 6 production lines in Zhenjiang, there will be 90,000
tons of annual capacity for the recycling of used sawing suspension
available at that location by end of 2012.
For financing the production plant in Zhenjiang, Bank of China (BoC) paid
out the second tranche of a loan to SiC Processing in the amount of 130
million RMB.
In Baoding production line 5 has been successfully commissioned in time. In
total, after completion of the 6 production lines in Baoding, there will be
90,000 tons of annual capacity by second quarter 2012.

Responding to the prevailing difficult market environment for PV industry,
SiC Processing takes next steps at its production plant in Glomfjord in
Norway and takes existing production capacities out of service. The
permanent shut down of parts of production facilities for wafers at the
main customer of SiC Processing in Norway leads to lower volumes of sawing
suspension (slurry) to be processed and recycled. As a result the operation
of the production facilities in Glomfjord/Norway is no longer economic.
Thus 3 production lines with an annual capacity of 34,000 tons are affected
and closed down.
The management of the SiC Processing Group regrets these measures very
much, but does not see any alternative to further economically operate the
plant.

Please register at our website 
http://www.sic-processing.com/index.php/Newsletter.html
to automatically receive the latest news of SiC Processing group.

SiC Processing GmbH
SiC Processing GmbH is the leading provider for the recovery of used slurry
from the photovoltaic and the semiconductor industry. With about 900
employees worldwide the group is located with an annual production
capacity of currently 240,000 tons per year in 5 countries all over the
world. Production sites are located in Germany, China, Norway, Italy and
USA. The founder family holds a 25% stake beside the majority shareholder
Nordic Capital Fund VII.

Press Contact:
Markus Kreuzer
Head of Marketing and Communications
Phone: 0049 (0) 9622 - 70 39 273
E-Mail: markus.kreuzer@sic-processing.de


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164148 05.04.2012