02 August 2007 14:12 [Source: ICIS news]
TORONTO (ICIS news)--Wacker Chemie and glass maker SCHOTT plan to invest €370m ($507m) in a 50:50 joint venture that will make silicon wafers for solar applications in Germany, the companies said on Thursday.
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The companies would expand existing production at those sites as well as set up new facilities.
Capacity would be expanded in stages, reaching about one gigawatt/year by 2012, making the joint venture one of the world’s five largest solar-wafer manufacturers.
The facilities would make multi-crystalline silicon ingots and wafers, the starting material for solar cells.
Wacker, for its part, described the joint venture as a “forward integration.”
The company is the world's second-largest supplier of polysilicon, an important raw material for solar wafers, and would supply the joint venture.
In June, Wacker announced a €400m expansion to triple polysilicon production at its site in
($1 = €0.73)
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