Renesola: Waferhersteller aus China (Seite 209)
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ReneSola Ltd Announces Pricing of Initial Public Offering on the NYSE
JIASHAN, China, January 29 /PRNewswire-FirstCall/ --
ReneSola Ltd("ReneSola" or the "Company"), a leading Chinese manufacturer of solarwafers, today announced that its initial public offering of 10,000,000 American Depositary Shares ("ADSs"), each representing two ordinary shares of the Company, was priced at $13.00 per ADS. The ADSs will begin trading
on the New York Stock Exchange on January 29, 2008 under the ticker symbol"SOL."
Of the 10,000,000 ADSs sold in the offering, 9,212,500 ADSs were sold by ReneSola, and 787,500 ADSs were sold by certain selling shareholders.The underwriters have been granted a 30-day option to purchase up to 712,500 additional ADSs from ReneSola and an aggregate of 787,500 additional ADSs from the selling shareholders to cover over-allotments.
Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. acted as joint book runners and Piper Jaffray & Co., Lazard Capital Markets LLC and Oppenheimer & Co. Inc. acted as co-managers for the offering.
The American Depositary Receipt Facility of ReneSola will be available after the closing of this offering, which is expected to be on or about February 1, 2008. The Bank of New York has agreed to waive the ADS issuance fee, which is typically $0.05 per ADS, for three months from the date of listing. During this period, holders of shares traded on the AIM of the London Stock Exchange are eligible to deposit their shares with The Bank of
New York Mellon for conversion into ADSs for no additional fee.
ReneSola's registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, New York 10010-3629, or by telephone at 1-800-221-1037; or by contacting Deutsche
Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Floor 2,
Jersey City, NJ 07311-3901, by telephone at 1-800-503-4611, or by e-mail at
prospectusrequest@list.db.com.
About ReneSola
ReneSola Ltd ("ReneSola") (NYSE: SOL) is a leading Chinese manufacturer of solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells. ReneSola has accumulated extensive experience and expertise in developing and using monocrystalline wafer production technologies, has expanded operations into
multicrystalline wafer production and has moved upstream into virgin polysilicon manufacturing. ReneSola maintains dedicated raw material procurement personnel in China, the United States and Singapore and possesses a global network of suppliers and customers that include some ofthe leading global manufacturers of solar cells and modules. ReneSola's
shares are currently traded on the AIM of the London Stock Exchange under ticker "SOLA.L." For more information about ReneSola, please visit
http://www.renesola.com.
JIASHAN, China, January 29 /PRNewswire-FirstCall/ --
ReneSola Ltd("ReneSola" or the "Company"), a leading Chinese manufacturer of solarwafers, today announced that its initial public offering of 10,000,000 American Depositary Shares ("ADSs"), each representing two ordinary shares of the Company, was priced at $13.00 per ADS. The ADSs will begin trading
on the New York Stock Exchange on January 29, 2008 under the ticker symbol"SOL."
Of the 10,000,000 ADSs sold in the offering, 9,212,500 ADSs were sold by ReneSola, and 787,500 ADSs were sold by certain selling shareholders.The underwriters have been granted a 30-day option to purchase up to 712,500 additional ADSs from ReneSola and an aggregate of 787,500 additional ADSs from the selling shareholders to cover over-allotments.
Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. acted as joint book runners and Piper Jaffray & Co., Lazard Capital Markets LLC and Oppenheimer & Co. Inc. acted as co-managers for the offering.
The American Depositary Receipt Facility of ReneSola will be available after the closing of this offering, which is expected to be on or about February 1, 2008. The Bank of New York has agreed to waive the ADS issuance fee, which is typically $0.05 per ADS, for three months from the date of listing. During this period, holders of shares traded on the AIM of the London Stock Exchange are eligible to deposit their shares with The Bank of
New York Mellon for conversion into ADSs for no additional fee.
ReneSola's registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, New York 10010-3629, or by telephone at 1-800-221-1037; or by contacting Deutsche
Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Floor 2,
Jersey City, NJ 07311-3901, by telephone at 1-800-503-4611, or by e-mail at
prospectusrequest@list.db.com.
About ReneSola
ReneSola Ltd ("ReneSola") (NYSE: SOL) is a leading Chinese manufacturer of solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells. ReneSola has accumulated extensive experience and expertise in developing and using monocrystalline wafer production technologies, has expanded operations into
multicrystalline wafer production and has moved upstream into virgin polysilicon manufacturing. ReneSola maintains dedicated raw material procurement personnel in China, the United States and Singapore and possesses a global network of suppliers and customers that include some ofthe leading global manufacturers of solar cells and modules. ReneSola's
shares are currently traded on the AIM of the London Stock Exchange under ticker "SOLA.L." For more information about ReneSola, please visit
http://www.renesola.com.
Green Energy: Silicon wafer order status good; thin-film solar cell production on track
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Nuying Huang, Taipei; Esther Lam, DIGITIMES [Thursday 24 January 2008]
While preparing for listing on the Taiwan Stock Exchange (TSE), Green Energy Technology reiterated confidence about its business outlook. The company said its silicon wafer order landing status is good, while thin-film solar cell volume production is on track, with aggressive sales contribution anticipated.
Green Energy company president Hurlon Lin updated that the company produced a total of 100 peak megawatt (MWp) of silicon wafers in 2007, with current annual capacity running at 200MWp. The company plans to boost capacity to 270MWp by enhancing its existing production facilities.
Since polysilicon is expected to be in severe shortage in 2008, no expansion for silicon ingot production is planned yet, Lin said. The company will assess the situation during mid 2008 by reviewing the expansion plans of polysilicon suppliers, he added. He also noted that the per kilogram price of polysilicon is only expected to reduce by US$5 each year through 2015, Green Energy thus finds it necessary to secure long-term contracts.
Currently Green Energy's silicon wafer has 60%-70% of orders under a material consignment basis. Lin expects that the ratio will maintain stable in 2008. As Green Energy will see more polysilicon supply from signed contracts in 2009, he added in saying that material self-sufficiency will grow accordingly from then. He estimated that Green Energy should house a total polysilicon amount of 3,000 tons in 2010.
Regarding progress on thin-film solar cell production, Lin updated that equipment move-in is scheduled in May with volume production slated to commence in the fourth quarter of 2008. Capacity is initially set at 30MWp with an anticipated sales contribution of NT$400-500 million (US$12.3-15.4 million). Based on an average selling price (ASP) of US$2.40-2.60 per watt, thin-film solar cell production will generate total sales of about US$75 million in 2008. The capacity amount is set to ramp to 50MWp in 2009.
Green Energy plans to list on the TSE on January 25 with a listing price of NT$165.
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Email to a friend
Latest news
Nuying Huang, Taipei; Esther Lam, DIGITIMES [Thursday 24 January 2008]
While preparing for listing on the Taiwan Stock Exchange (TSE), Green Energy Technology reiterated confidence about its business outlook. The company said its silicon wafer order landing status is good, while thin-film solar cell volume production is on track, with aggressive sales contribution anticipated.
Green Energy company president Hurlon Lin updated that the company produced a total of 100 peak megawatt (MWp) of silicon wafers in 2007, with current annual capacity running at 200MWp. The company plans to boost capacity to 270MWp by enhancing its existing production facilities.
Since polysilicon is expected to be in severe shortage in 2008, no expansion for silicon ingot production is planned yet, Lin said. The company will assess the situation during mid 2008 by reviewing the expansion plans of polysilicon suppliers, he added. He also noted that the per kilogram price of polysilicon is only expected to reduce by US$5 each year through 2015, Green Energy thus finds it necessary to secure long-term contracts.
Currently Green Energy's silicon wafer has 60%-70% of orders under a material consignment basis. Lin expects that the ratio will maintain stable in 2008. As Green Energy will see more polysilicon supply from signed contracts in 2009, he added in saying that material self-sufficiency will grow accordingly from then. He estimated that Green Energy should house a total polysilicon amount of 3,000 tons in 2010.
Regarding progress on thin-film solar cell production, Lin updated that equipment move-in is scheduled in May with volume production slated to commence in the fourth quarter of 2008. Capacity is initially set at 30MWp with an anticipated sales contribution of NT$400-500 million (US$12.3-15.4 million). Based on an average selling price (ASP) of US$2.40-2.60 per watt, thin-film solar cell production will generate total sales of about US$75 million in 2008. The capacity amount is set to ramp to 50MWp in 2009.
Green Energy plans to list on the TSE on January 25 with a listing price of NT$165.
Tja das chinesiche Hochwachstumswert (bereit rentabel) für KGV nur 10 superbillig verkauft und dafür noch von den Banken dick abschneiden müssen lassen.
Auf jedenfall nen sehr interessanter Wert! 
Offering: 10.0 million shares at $15.45 per share. Net proceeds of approximately $127.3 million will be used to expand the company's solar wafer manufacturing facilities and purchase additional equipment for wafer capacity expansion; to invest in polysilicon manufacturing production; to repay debt and for general corporate purposes.
Lead Underwriters: Credit Suisse, Deutsche Bank
Offering: 10.0 million shares at $15.45 per share. Net proceeds of approximately $127.3 million will be used to expand the company's solar wafer manufacturing facilities and purchase additional equipment for wafer capacity expansion; to invest in polysilicon manufacturing production; to repay debt and for general corporate purposes.
Lead Underwriters: Credit Suisse, Deutsche Bank
Solar Energy IPO: ReneSola Competes With LDK Solar
http://seekingalpha.com/article/61740-solar-energy-ipo-renes…
http://seekingalpha.com/article/61740-solar-energy-ipo-renes…
Trading Spotlight
Antwort auf Beitrag Nr.: 33.165.942 von meinolf67 am 25.01.08 10:46:26hört sich eigentlich ganz gut an.
Renesola plant Einstieg in die Siliziumproduktion
08.01.2008: Der chinesische Ingot- und Wafer-Hersteller Renesola Ltd. hat angekündigt, in die Siliziumproduktion einzusteigen.
© ReneSola Ltd.
Bis Ende 2007 hatte Renesola 226 Kristallziehanlagen für monokristalline Ingots (Foto) sowie 32 Öfen zur Produktion von multikristallinen Ingots in Betrieb.
Eine Produktion soll in der Provinz Sichuan gebaut werden, eine weitere in einem Joint Venture in der Provinz Henan. Zudem sollen die bereits bestehenden Kapazitäten zum Recycling von Siliziumabfällen durch eine weitere Fabrik deutlich aufgestockt werden. Das sind wohl die wichtigsten Neuigkeiten, die das in Jiashan in der Provinz Zhejiang (bei Shanghai) ansässige Unternehmen am 19. November bei der Verkündung der Ergebnisse zum dritten Quartal bekannt gab.
In der Provinz Sichuan befindet sich die im August gegründete hundertprozentige Tochter Sichuan Renesola Silicon Materials Co. Ltd., die eine Siliziumproduktion mit einer Kapazität von 1.500 Tonnen aufbauen soll. Der Produktionsbeginn ist für die zweite Hälfte 2009 vorgesehen. Charles Bai, Finanzvorstand von Renesola, berichtete gegenüber PHOTON, dass Renesola zudem ein Joint Venture zum Aufbau einer weiteren Siliziumproduktion eingegangen ist. An der Linzhou Zhongsheng Semiconductor Silicon Material Co. Ltd. hält Renesola 49 Prozent. Wer die übrigen Anteile hat, wurde nicht bekannt. Fest steht, dass bereits im ersten Quartal 2008 das erste Silizium produziert werden soll. Die Kapazität betrage derzeit 300 Tonnen, so Bai, und soll bis Ende 2008 auf 750 Tonnen erhöht werden. Das für den Siemens-Prozess benötigte Trichlorsilan wird nicht selbst hergestellt, sondern muss auf dem Weltmarkt eingekauft werden. Renesola wird mindestens 90 Prozent der produzierten Siliziummenge erhalten.
Renesola hat nach eigenen Angaben seine Siliziumversorgung für die nächsten drei Jahre gesichert; auch dank zwei neu abgeschlossener Lieferverträge. So wird der neue Siliziumhersteller Sichuan Yongxiang Polysilicon Co. Ltd. ab Produktionsbeginn in der zweiten Hälfte 2008 bis Mitte 2011 insgesamt 3.700 Tonnen Silizium an Renesola liefern, die ersten 200 Tonnen davon bereits in diesem Jahr. Der andere Vertrag wurde mit der in Yangzhong, Jiangsu ansässigen Daqo New Material Co. Ltd. geschlossen, die in den kommenden fünf Jahren insgesamt 2.000 Tonnen an Renesola liefern soll, davon 150 bis 200 Tonnen in diesem Jahr. Außerdem hat Renesola seine Kapazitäten zum Recycling von Siliziumresten erweitert. Zusätzlich zu der bereits bestehenden Fabrik in Jiashan, ausreichend für 1.000 Tonnen pro Jahr, wurde unter dem Namen Renesola Malaysia eine zweite Fabrik gleicher Größe in Malaysia eröffnet.
Der Umsatz betrug im dritten Quartal 74,4 Millionen US-Dollar (50,5 Millionen Euro) und lag damit gut 63 Prozent über dem Wert des zweiten Quartals. Teilweise war dies auf eine Anhebung der durchschnittlichen Verkaufspreise für Wafer zurückzuführen. Allerdings fiel der Bruttogewinn leicht von 21,2 Prozent im zweiten auf 20,5 Prozent im dritten Quartal, die Nettoumsatzrendite konnte leicht von 16,2 auf 17,4 Prozent gesteigert werden.
Im dritten Quartal hatte Renesola 36 Megawatt Ingots und Wafer gefertigt, davon 18,9 Prozent als Lohnfertigung. Damit dürften 2007 insgesamt 120 bis 125 Megawatt erreicht werden, was jedoch etwas unter der ursprünglichen Planung von 150 Megawatt liegt. Die Firma schob dies auf einen Engpass bei der Versorgung mit Schmelztiegeln für multikristalline Ingots. Die Produktionskapazität für Ingots soll Ende 2008 bei 645 Megawatt liegen.
zurück
Renesola plant Einstieg in die Siliziumproduktion
08.01.2008: Der chinesische Ingot- und Wafer-Hersteller Renesola Ltd. hat angekündigt, in die Siliziumproduktion einzusteigen.
© ReneSola Ltd.
Bis Ende 2007 hatte Renesola 226 Kristallziehanlagen für monokristalline Ingots (Foto) sowie 32 Öfen zur Produktion von multikristallinen Ingots in Betrieb.
Eine Produktion soll in der Provinz Sichuan gebaut werden, eine weitere in einem Joint Venture in der Provinz Henan. Zudem sollen die bereits bestehenden Kapazitäten zum Recycling von Siliziumabfällen durch eine weitere Fabrik deutlich aufgestockt werden. Das sind wohl die wichtigsten Neuigkeiten, die das in Jiashan in der Provinz Zhejiang (bei Shanghai) ansässige Unternehmen am 19. November bei der Verkündung der Ergebnisse zum dritten Quartal bekannt gab.
In der Provinz Sichuan befindet sich die im August gegründete hundertprozentige Tochter Sichuan Renesola Silicon Materials Co. Ltd., die eine Siliziumproduktion mit einer Kapazität von 1.500 Tonnen aufbauen soll. Der Produktionsbeginn ist für die zweite Hälfte 2009 vorgesehen. Charles Bai, Finanzvorstand von Renesola, berichtete gegenüber PHOTON, dass Renesola zudem ein Joint Venture zum Aufbau einer weiteren Siliziumproduktion eingegangen ist. An der Linzhou Zhongsheng Semiconductor Silicon Material Co. Ltd. hält Renesola 49 Prozent. Wer die übrigen Anteile hat, wurde nicht bekannt. Fest steht, dass bereits im ersten Quartal 2008 das erste Silizium produziert werden soll. Die Kapazität betrage derzeit 300 Tonnen, so Bai, und soll bis Ende 2008 auf 750 Tonnen erhöht werden. Das für den Siemens-Prozess benötigte Trichlorsilan wird nicht selbst hergestellt, sondern muss auf dem Weltmarkt eingekauft werden. Renesola wird mindestens 90 Prozent der produzierten Siliziummenge erhalten.
Renesola hat nach eigenen Angaben seine Siliziumversorgung für die nächsten drei Jahre gesichert; auch dank zwei neu abgeschlossener Lieferverträge. So wird der neue Siliziumhersteller Sichuan Yongxiang Polysilicon Co. Ltd. ab Produktionsbeginn in der zweiten Hälfte 2008 bis Mitte 2011 insgesamt 3.700 Tonnen Silizium an Renesola liefern, die ersten 200 Tonnen davon bereits in diesem Jahr. Der andere Vertrag wurde mit der in Yangzhong, Jiangsu ansässigen Daqo New Material Co. Ltd. geschlossen, die in den kommenden fünf Jahren insgesamt 2.000 Tonnen an Renesola liefern soll, davon 150 bis 200 Tonnen in diesem Jahr. Außerdem hat Renesola seine Kapazitäten zum Recycling von Siliziumresten erweitert. Zusätzlich zu der bereits bestehenden Fabrik in Jiashan, ausreichend für 1.000 Tonnen pro Jahr, wurde unter dem Namen Renesola Malaysia eine zweite Fabrik gleicher Größe in Malaysia eröffnet.
Der Umsatz betrug im dritten Quartal 74,4 Millionen US-Dollar (50,5 Millionen Euro) und lag damit gut 63 Prozent über dem Wert des zweiten Quartals. Teilweise war dies auf eine Anhebung der durchschnittlichen Verkaufspreise für Wafer zurückzuführen. Allerdings fiel der Bruttogewinn leicht von 21,2 Prozent im zweiten auf 20,5 Prozent im dritten Quartal, die Nettoumsatzrendite konnte leicht von 16,2 auf 17,4 Prozent gesteigert werden.
Im dritten Quartal hatte Renesola 36 Megawatt Ingots und Wafer gefertigt, davon 18,9 Prozent als Lohnfertigung. Damit dürften 2007 insgesamt 120 bis 125 Megawatt erreicht werden, was jedoch etwas unter der ursprünglichen Planung von 150 Megawatt liegt. Die Firma schob dies auf einen Engpass bei der Versorgung mit Schmelztiegeln für multikristalline Ingots. Die Produktionskapazität für Ingots soll Ende 2008 bei 645 Megawatt liegen.
zurück
Wettbewerb:
Market talks (25 Jan) tech - Green Energy (3519 TT) IPO today
Green Energy (3519 TT) lists today at NT$165. Owing to the market concerns of oversupply in the solar energy industry, its share price was traded at NT$150 and below in the Taiwan's emerging market. KGI's channel checks point to tight polysilicon supply until mid-2009. Furthermore, we think solar industry growth depends on govt subsidies and that slowing economies will have a big impact on solar module prices, putting solar cell and module vendors at higher risk. On tight polysilicon supply and consistent demand for solar ingot and wafer OEM services, we maintain our view that solar ingot and wafer makers are better positioned in the supply chain to enjoy stable sales growth and sustain margins. Green Energy is trading at 13.8x PE based on the IPO price, a level lower than LDK's 20x, Yingli Green's 23x but similar to SAS's 12-13x and Wafer Works' 13.4x. We suggest investors to focus on midstream solar wafer providers in the market as we believe their business fundamental will be relative solid as compared to the downstream solar cell/cell module makers and they should enjoy a higher PE multiple as the midstream solar industry is still in tight supply situation until mid-2009.
* Market cap: US$428m based on the total shares of 84m
* Major shareholder: Tatung's (2371 TT) San-Jih Semicon (unlisted) 68.2%
* Major business: Sloar ingot/wafer, the midstream of the solar energy industry
* Major clients: Multi-crystalline solar/wafer: Sharp (JP), Q-Cells (GER), BP Solar (UK), Suntech (CH), MEMC (US), Gintech (3514 TT), Eton (3452 TT), etc.
* Production capacity: 200MW/p.a. by 2008-end from 120MW/p.a now
* OEM/non OEM buisness: 30:70, OEM clients include Sharp and MEMC
* 2007 EPS: NT$7.5 (est.); 2008 EPS NT$12 (est.)
* Employee bonus shares dilution: 18%
Market talks (25 Jan) tech - Green Energy (3519 TT) IPO today
Green Energy (3519 TT) lists today at NT$165. Owing to the market concerns of oversupply in the solar energy industry, its share price was traded at NT$150 and below in the Taiwan's emerging market. KGI's channel checks point to tight polysilicon supply until mid-2009. Furthermore, we think solar industry growth depends on govt subsidies and that slowing economies will have a big impact on solar module prices, putting solar cell and module vendors at higher risk. On tight polysilicon supply and consistent demand for solar ingot and wafer OEM services, we maintain our view that solar ingot and wafer makers are better positioned in the supply chain to enjoy stable sales growth and sustain margins. Green Energy is trading at 13.8x PE based on the IPO price, a level lower than LDK's 20x, Yingli Green's 23x but similar to SAS's 12-13x and Wafer Works' 13.4x. We suggest investors to focus on midstream solar wafer providers in the market as we believe their business fundamental will be relative solid as compared to the downstream solar cell/cell module makers and they should enjoy a higher PE multiple as the midstream solar industry is still in tight supply situation until mid-2009.
* Market cap: US$428m based on the total shares of 84m
* Major shareholder: Tatung's (2371 TT) San-Jih Semicon (unlisted) 68.2%
* Major business: Sloar ingot/wafer, the midstream of the solar energy industry
* Major clients: Multi-crystalline solar/wafer: Sharp (JP), Q-Cells (GER), BP Solar (UK), Suntech (CH), MEMC (US), Gintech (3514 TT), Eton (3452 TT), etc.
* Production capacity: 200MW/p.a. by 2008-end from 120MW/p.a now
* OEM/non OEM buisness: 30:70, OEM clients include Sharp and MEMC
* 2007 EPS: NT$7.5 (est.); 2008 EPS NT$12 (est.)
* Employee bonus shares dilution: 18%
RENESOLA LTD (News)
COMMENCEMENT OF TRIAL PRODUCTION OF POLYSILICON
Renesola Ltd ("ReneSola" or the "Company") (AIM: SOLA), a leading manufacturer
of silicon wafers for the photovoltaic industry, is pleased to announce the
commencement of trial production of polysilicon by its joint venture at Henan
Province, China.
In August 2007, ReneSola invested in Linzhou Zhongsheng Semiconductor Silicon
Material Co., Ltd., a new polysilicon manufacturing joint venture located in
Henan Province, China. The Company is pleased to announce that the joint
venture has now commenced trial production of polysilicon. The estimated output
of the joint venture is 200 tonnes to 300 tonnes in 2008.
ReneSola holds a 49% interest in the joint venture company, which is a
consolidated entity of the Company.
Mr. Xian Shou Li, Chief Executive Officer of ReneSola, said: "The commencement
of trial production by the joint venture is a key milestone achieved in our
polysilicon procurement strategy. The output from the joint venture will
enhance our feedstock sufficiency and help to reduce raw material costs at a
time when costs remain high as a result of the industry-wide shortage of
polysilicon. We believe that the experience gained from this joint venture will
provide us with a solid foundation for the development of a further polysilicon
manufacturing plant in Sichuan Province, China, with a projected annualised
capacity of 1,500 tonnes by the end of 2009."
COMMENCEMENT OF TRIAL PRODUCTION OF POLYSILICON
Renesola Ltd ("ReneSola" or the "Company") (AIM: SOLA), a leading manufacturer
of silicon wafers for the photovoltaic industry, is pleased to announce the
commencement of trial production of polysilicon by its joint venture at Henan
Province, China.
In August 2007, ReneSola invested in Linzhou Zhongsheng Semiconductor Silicon
Material Co., Ltd., a new polysilicon manufacturing joint venture located in
Henan Province, China. The Company is pleased to announce that the joint
venture has now commenced trial production of polysilicon. The estimated output
of the joint venture is 200 tonnes to 300 tonnes in 2008.
ReneSola holds a 49% interest in the joint venture company, which is a
consolidated entity of the Company.
Mr. Xian Shou Li, Chief Executive Officer of ReneSola, said: "The commencement
of trial production by the joint venture is a key milestone achieved in our
polysilicon procurement strategy. The output from the joint venture will
enhance our feedstock sufficiency and help to reduce raw material costs at a
time when costs remain high as a result of the industry-wide shortage of
polysilicon. We believe that the experience gained from this joint venture will
provide us with a solid foundation for the development of a further polysilicon
manufacturing plant in Sichuan Province, China, with a projected annualised
capacity of 1,500 tonnes by the end of 2009."
Antwort auf Beitrag Nr.: 33.044.651 von bioberger am 14.01.08 18:58:55Schau dir mal PV Crystalox (PVCS) an, läuft seit Wochen super
Antwort auf Beitrag Nr.: 33.049.967 von Snare am 15.01.08 10:23:08Das Listing wurde erst beantragt, kann noch etwas dauern, kein genauer Termin bekannt!
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