SolarWorld AG / Miscellaneous
05.10.2009
Dissemination of a Corporate News, transmitted by
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After Germany module capacity now also to be tripled in the USA
SolarWorld AG will be massively expanding its production capacities in the
USA. At the Hillsboro site in the State of Oregon the group will build a
new manufacturing facility for the production of crystalline solar power
modules with a capacity of 350 Megawatt until 2011. This will boost the
group's integrated production capacity of crystalline solar wafers, solar
cells and solar modules in the USA to 500 Megawatt (MW) each and further
strengthen its position as the largest producer of solar power technology
in the United States. Nationwide more than 1,000 employees will be working
for SolarWorld in the USA.
'We are quite deliberately expanding our production in our future markets',
says Frank H. Asbeck, Chairman and CEO of SolarWorld AG. Already today the
USA is the third largest sales region for solar power technology. 'In
addition to good growth prospects the USA as a production location also
offers the best possible framework conditions to meet the high SolarWorld
quality demands. What we have found here is an excellent research
infrastructure, a highly qualified workforce and high social and
environmental standards. These are central parameters for the production of
sustainable and high efficiency products.'
The group which has more than 30 years of experience with its locations in
the US market is thus consistently implementing its announcements on the
expansion of the US sites. Already one year ago SolarWorld had renewed the
solar module production at the traditional site in Camarillo/California and
had opened the new Hillsboro/Oregon site where a highly modern wafer and
cell production facility started operating in October 2008. The expansion
of the module segment that has now been announced completes the solar value
chain at this particular location. Together with the expansion at the
European location in Freiberg/Germany SolarWorld AG will have group-wide
production capacities of more than one Gigawatt (GW) by the year 2011 and
will employ more than 3,000 people.
About SolarWorld AG
The SolarWorld AG group of companies (ISIN: DE0005108401) is a world leader
in high-quality solar power technology. The company is exclusively
dedicated to its core business of photovoltaic power generation and
combines all activities of the solar industry from silicon as the raw
material to turn-key solar power systems including recycling. SolarWorld is
represented in all the world's solar growth markets and predominantly
produces in Germany and the USA. Its largest sites are located in Freiberg,
Saxony, and Hillsboro, USA. The central group office is in Bonn. Worldwide
sales of solar modules are secured by five sales offices in Germany, Spain,
USA, South Africa and Singapore. The central element of the business in
addition to the sale of turn-key solar systems and solar modules to the
trade is the distribution of solar silicon wafers to the international
solar cell industry. Apart from grid-coupled (on-grid) products, the
SolarWorld Group sells off-grid solar power solutions. Under the name
Solar2World the Group takes its ethical commitment to fair development also
to emerging economies and developing countries, promoting in particular
off-grid solar power solutions exemplary of sustainable economic
development.
Sustainability is an integral element of SolarWorld's corporate strategy.
The corporate management is committed to sustainable, economically,
ecologically and socially compatible growth. SolarWorld AG employs more
than 2,500 people worldwide. The company is listed at the stock market,
among others in the technology index TecDAX, in the ÃkoDAX, in the Dow
Jones STOXX 600, in the international MSCI-Index and in the sustainability
indices DAXglobal Alternative Energy and NAI.
Contact Investor Relations, Phone: +49 228/55920-470, Fax: +49
228/55920-9470, E-Mail: placement@solarworld.de
Contact Press, Phone: +49 228/55920-400, E-Mail: press@solarworld.de
Internet: www.solarworld.de
05.10.2009 |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃe 24
53175 Bonn
Deutschland
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 99
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, München, Hamburg, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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DGAP-News: SolarWorld Massively Expands US Production
| Source: EQS Group AG