REC ASA - Slurry supply running stably, wafer production unaffected
Sandvika/Herøya, February 8, 2010: All slurry recovery plants are currently running stably after last week's fire, buffer stock of slurry allowed REC Wafer's operations to continue as normal.
It was on February 1, 2010, that SiC-Processing AS experienced a fire in one of its two slurry plants at the Herøya industrial complex. The fire was caused by very fine silicon particles in one of the filter presses and was extinguished relatively quickly. A similar plant in Glomfjord was also stopped to seek for the root cause of the fire. Both plants at Herøya and in Glomfjord operate exclusively as on-site plants for the slurry recovery for REC Wafer in Norway.
During the second half of last week and over the weekend, the slurry processing lines at Herøya and in Glomfjord have been brought back on-line under close monitoring. Measures have been put in place to prevent similar incidents in the future, and the experience with the operations so far has been positive. SiC Processing Herøya 1 plant has operated without interruptions the entire time and all plants are therefore currently running stably.
Buffer stock of slurry allowed REC Wafer's operations to continue as normal and was therefore not affected by the incident.
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)