End of article arm tavern. "for so remains the specialty competence on the spot and it gives the perspective that in the business soon again more people become" busied.
Article link below in English 19 long months was unclear whether and like it with the bitter fields specialized on the silicon manufacture PV Crystalox goes on solar Silicon GmbH. "now is a decision please and we venture the new beginning", so manager Hilmar Tiefel in a MZ conversation. Together with research leader Friedrich Schaaff he will receive the silicon work and as Silicon Products bitter field GmbH & Co. KG continue. "it gave to this only few alternative". Already in December past year announcements clear mother company had made the Londoners. "either sell or close", had been named it at that time. Background: The British German business had invests into the plant to the manufacture of solar silicon 120 million Euro and taken these beginnings 2009 in operation. Based on the massive drop-off in prices for silicon, the production was shut down on the 1st of December 2011. After the announcement from London one had put together himself and after a multitude of consultations for a „Management-Buy-out" -procedure, therefore a business acceptance, decided (see information box). In the train of this restructuring, the colleague number of presently 78 would decrease on 38, says Tiefel. It regrets this step, but the new business draft would concentrate first of all fewer on the production, but rather rather on the knowledge-based areas of the research and development. "here would go it therefore, the quality in the production further to improve and the costs to reduce", so Tiefel. Let it be confidently that with the technology available at the location in the future yet other products can be developed, that are planned for "hochpreisige applications". "but also solar silicon becomes as always a subject be". To be sure the prices in the cellar lie presently, but let the solar market be yet right young. "sooner or later becomes one globally observed at the photovoltaics the energy winning do not pass by". Therewith also the silicon requirement would increase again. "a year", so the estimation, "can it yet last until the solar market stabilize itself and therefore the prices again. And then also we will find a niche". Until there, one wanted construct a second support leg under the concept "diversification". Under that Tiefel understands the expansion of the assortment. "specialists become the available know-how and the technologies further develop and market" then worldwide. Also therefore ten additional engineers and scientist are adjusted. If this calculation should rise, the let the future of the Silicon Products GmbH be & Co. KG at the location secured. "that would be also for us desirable", says the economy promoter of the district, arm tavern. "for so remains the specialty competence on the spot and it gives the perspective that in the business soon again more people become"
On holiday & read most of 2012 presentation as don't really have time at home & found it very interesting. I do feel the company is in safe hands and all that has happened is out with their control. So a special dividend then a share consolidation is on the cards. Not many shares in issue really at the moment & any improvement in the solar market will be excellent for PVCS. Really looking forward to the mid to long term as think this company still has lots to offer. Good luck everyone and IMHO.
You can find the answer in web site pvcrystalox.com , on 2012 anual report, item the Chairman's Introduction
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