centrotherm photovoltaics moves forward with expansion strategy
Blaubeuren (euro adhoc) -
. new locations in Italy and the US
. order from US solar cell manufacturer Sunivaots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
companies/expansion
centrotherm photovoltaics moves forward with expansion strategy . new locations in Italy and the US . order from US solar cell manufacturer Suniva
Blaubeuren, March 11, 2008 - centrotherm photovoltaics AG, based in the town of Blaubeuren in the Germany state of Baden-Württemberg, has opened two new locations abroad: effective immediately, the provider of technology and services for the production of solar cells and solar silicon is represented in Treviso, Italy by fully-owned subsidiary centrotherm photovoltaics Italia S.R.L. Italy offers attractive feed-in fees for solar power, and is growing in importance for the photovoltaics industry. In the past, centrotherm photovoltaics has already received an order from Helios, Italy, for several megawatt turn-key lines for the production of solar cells. In the future, such orders will be processed by locals in Italy, in order to provide even faster service locally.
In the US, in Atlanta, Georgia, centrotherm photovoltaics USA Inc. has also begun operations. This is also a fully-owned subsidiary of centrotherm photovoltaics AG. The first order in the US has already come in: Atlanta-based Suniva Inc., a new producer of crystalline silicone solar cells, has ordered a 25 megawatt turn-key line. Delivery will begin in 2008.
By establishing these bases abroad, the company is moving forward with its strategy of expanding its international market position. "We will consequently continue to follow this strategy," says Robert Hartung, CEO of centrotherm photovoltaics AG. "We are in process of founding further branches abroad in order to provide even better service locally to our international customers." In addition to activities in Asia, where the company currently derives 70 percent of its sales, centrotherm photovoltaics plans to further expand business in the US and Europe. Hartung: "We intend to take advantage of the opportunities offered by the globally expanding photovoltaics market."
About centrotherm photovoltaics AG centrotherm photovoltaics AG is a leading international provider of technology and services for the production of solar cells and solar silicon. The broad range of products ranges from key equipment through turnkey production lines. Business operations currently focus on the growth market of Asia. The international customer base includes well- known companies from the solar sector. The company, which is based in Blaubeuren near Ulm, currently has more than 230 employees.
centrotherm photovoltaics AG Johannes-Schmid-Strasse 8 89143 Blaubeuren Internet: www.centrotherm-pv.de
ISIN: DE000A0JMMN2 WKN: A0JMMN Listing: Regulated Market/Prime Standard, Frankfurt Securities Exchange Registered Office: Germany
end of announcement euro adhoc
Further inquiry note:
Company contact:
Saskia Schultz-Ebert
Senior Manager Investor Relations
Tel: +49 7344 918-8890
E-mail: saskia.schultz-ebert@centrotherm.de
Press contact:
Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-31
E-mail: g.pauli@hoschke.de
Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Börsen: Börse Frankfurt / regulated dealing/prime standard