Sandvika/Herøya, February 2, 2010: SiC Processing AS yesterday had a fire in one of its two slurry plants at the Herøya industrial complex, and will take down the plant and a similar plant in Glomfjord to seek for the root cause of the fire.
The company supplies slurry for wafer sawing to REC Wafer and the plant in question supplies REC Wafer's two newest production plants, Herøya III and IV. A prolonged shut down may affect REC Wafer's production capabilities at some of REC's wafer lines.
SiC Processing is currently unable to estimate the expected length of the production shutdown. REC will revert with more information as soon as possible, and will investigate possible alternative sources in case of a prolonged interruption of the slurry supply.
REC is the leading vertically integrated player in the solar energy industry. REC Silicon and REC Wafer are among the world's largest producers of polysilicon and wafers for solar applications. REC Solar is a rapidly growing manufacturer of solar cells and modules, and is also engaging in project development activities in selected segments of the PV market. REC had revenues of NOK 8 191 million and an operating profit of NOK 2 529 million in 2008. More than 3 000 employees work in REC's worldwide organization. Please visit www.recgroup.com to learn more about REC.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)