Joint Press Release by WACKER and SCHOTT
Munich / Mainz, August 2nd, 2007
http://www.presseportal.de/pm/9155/1025847/wacker_chemie_ag
SCHOTT WACKER Solar to produce multicrystalline silicon wafers for solar cells, €370 million investment to create at least 700 new jobs, Production start-up in 2007, Capacity expansion phased to reach 1 gigawatt per year by 2012.
Wacker Chemie AG and SCHOTT Solar, a 100 percent subsidiary of the worldwide SCHOTT group, plan to set up two joint ventures to produce and market silicon wafers for solar applications. WACKER and SCHOTT signed a related agreement today. Over the next years, the two partners plan to invest a total of EUR370 million in facilities in Jena (Thuringia) and Alzenau (Bavaria), creating at least 700 new jobs at these German sites. The project is subject to approval by the German and European authorities. The joint venture – SCHOTT WACKER Solar GmbH – is scheduled to start operations this year. It will produce multicrystalline silicon ingots and wafers, the starting material for solar cells. Solar-wafer production capacity is set to expand in stages, reaching about one gigawatt/year by 2012. This will make the joint venture one of the world´s five largest solar-wafer manufacturers.
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