euro adhoc: Sunways AG
Strategic management decisions
Sunways will be
supplied with two reactors for the production of high-purity silicon
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
21.05.2007
Constance , 21 May 2007 -Sunways AG is expecting delivery of two reactors for the production of polysilicon in June 2007. Together with Solmic and other suppliers, Sunways AG has assembled the complete equipment required for production activities after of the so-called "Siemens process". The reactors operating in accordance with this method have a capacity of 300t/a and will also enable the production of monocrystalline silicon.
In connection with the measures already initiated in 2006 to secure the raw material supply, Sunways AG commissioned the construction of the two reactors, as the availability of reactors for the production of high-purity silicon constitutes a bottleneck in the market. Sunways is currently in negotiations with respect to a potential location for the plant. In view of the polysilicon production volumes to be expected from 2008 onwards, Sunways AG has entered into a long-term supply contract with a cooperation partner and received a down payment for future shipments in the amount of 10 million Euro.
end of announcement euro adhoc 21.05.2007 08:47:48
Further inquiry note:
Astrid Forst
Tel.: +49 (0)7531 99677 480
E-Mail: ir@sunways.de
Branche: Alternative energy
ISIN: DE0007332207
WKN: 733220
Index: CDAX, Prime All Share, Technologie All Share
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