|
December 15, 2008
Berlin,
Germany: SOLON Completes Acquisition of Polysilicon Start Up,
Estelux
SOLON
SE, Berlin, Germany, has increased its equity investment in the
Italian start-up company Estelux s.r.l. to 100 percent.
In
June 2008, SOLON had initially purchased a strategic interest
of 19.5 percent. The shares are held by SOLON's Italian subsidiary
SOLON S.p.A.
Estelux,
founded in 2007, plans to establish a plant for the production
of solar silicon in Ferrara, northern Italy. The plant shall have
an initial annual capacity of 4,000 tons by the end of 2010.
The
site is ready for construction, with preliminary activities already
started and detail engineering ongoing.The total investment amounts
to approx. EUR 400 million. Additional investors shall be contacted
after the necessary construction permit expected for the first
quarter of 2009 has been received.
The
purpose of this strategic investment is to broaden SOLON's supply
base for raw materials and to secure the company's long-term access
to additional volumes of solar silicon and solar cells.
Further details about: SOLON SE
|
