DGAP-News: SolarWorld AG / Key word(s): Miscellaneous
SolarWorld Establishes Joint Venture SolarCycle GmbH
07.09.2011 / 09:04
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07.09.2011
Corporate News SolarWorld AG
(Securities Code No.: WKN 510 840)
(International Securities Identification Number: ISIN DE0005108401)
SolarWorld Establishes Joint Venture SolarCycle GmbH
New plant to be built in the Bitterfeld/Wolfen Chemical Park
SolarWorld AG has today established a new Joint Venture for the production
of metal products and other valuable materials that are made from recycled
solar modules. The partners in this newly founded company in addition to
SolarWorld AG itself are also the Preiss-Daimler Chemical Park as well as
other companies. SolarWorld AG holds a 24 percent stake in SolarCycle GmbH.
Headquarters of the company will be located in the Bitterfeld/Wolfen
Chemical Park in Sachsen-Anhalt.
'Together with our competent partners we are building a company that will
make an active contribution to preserving resources and generating valuable
raw materials from secondary sources in Germany. In addition to our own
long years of experience in module recycling the experience of our Joint
Venture partners in treating compound materials and chemically separating
valuable metals and other materials will be injected into the project',
says Dr.-Ing. E. h. Frank Asbeck, Chairman and CEO of SolarWorld AG.
At the Bitterfeld/Wolfen location the construction of the new, largely
automated plant will begin in the fall of this year. The total investment
for the venture will amount to EUR 12.7 million and will be implemented in
two stages. 'In the past four years the Freiberg recycling team, while
operating the pilot plant in Freiberg, has been puzzling over the concept
for a second generation module recycling plant. We are therefore
particularly delighted that we can now employ this technology even more
universally for the generation of metals from secondary sources and for the
treatment of compound materials. The separation techniques necessary to
achieve high purity levels and the best possible yields will proceed
largely automatically. This technology will make it possible to process up
to 30,000 tons of recycling material per year in the future and to convert
it into numerous new products', explains Dr. Karsten Warmbach, Managing
Director of Sunicon GmbH.
The completion of the first construction phase of the plant is scheduled
for the end of 2012. In the new plant it will be possible to process not
only crystalline solar modules but also other solar module types and
compound materials.
About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a
worldwide leader in offering brand-name, high quality, crystalline solar
power technology. Its strength is its fully integrated solar production.
From silicon as the raw material through wafers, cells and modules all the
way to turn-key solar systems of all sizes, the group combines all stages
of the solar value chain. The central business activity is selling quality
modules into the installation and distribution trades and crystalline
wafers to the international solar cell industry. Group headquarters are
located in Bonn, Germany. The group's largest production facilities operate
in Freiberg, Germany and Hillsboro in the U.S. State of Oregon.
Sustainability is the basis of the group strategy. Under the name
Solar2World, the group supports care projects using off-grid solar-power
solutions in developing countries, exemplifying sustainable economic
development. Worldwide, SolarWorld employs more than 3,500 people.
SolarWorld AG has been quoted on the stock exchange since 1999 and today is
listed on, among others, the TecDAX and ÃkoDAX as well as in the
sustainability index NAI.
Contact
SolarWorld AG
Martin-Luther-King-Str. 24
53175 Bonn
Tel.: +49 (0) 228/55920-400
E-Mail: presse@solarworld.de
Internet: www.solarworld.de
End of Corporate News
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃe 24
53175 Bonn
Germany
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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138484 07.09.2011
DGAP-News: SolarWorld Establishes Joint Venture SolarCycle GmbH
| Source: EQS Group AG