REC ASA - Slurry supply running stably, wafer production unaffected
(Thomson Reuters ONE) - Sandvika/Her? February 8, 2010: All slurry recovery plants are currentlyrunning stably after last week's fire, buffer stock of slurry allowed RECWafer's operations to continue as normal.It was on February 1, 2010, that SiC-Processing AS experienced a fire in one ofits two slurry plants at the Her?industrial complex. The fire was caused byvery fine silicon particles in one of the filter presses and was extinguishedrelatively quickly. A similar plant in Glomfjord was also stopped to seek forthe root cause of the fire. Both plants at Her?and in Glomfjord operateexclusively 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 processinglines at Her?and in Glomfjord have been brought back on-line under closemonitoring. Measures have been put in place to prevent similar incidents in thefuture, and the experience with the operations so far has been positive. SiCProcessing Her?1 plant has operated without interruptions the entire time andall plants are therefore currently running stably.Buffer stock of slurry allowed REC Wafer's operations to continue as normal andwas therefore not affected by the incident.About RECREC is the leading vertically integrated player in the solar energy industry.REC Silicon and REC Wafer are among the world's largest producers of polysiliconand wafers for solar applications. REC Solar is a rapidly growing manufacturerof solar cells and modules, and is also engaging in project developmentactivities in selected segments of the PV market. REC had revenues of NOK 8 191million and an operating profit of NOK 2 529 million in 2008. More than 3 000employees work in REC's worldwide organization. Please visitwww.recgroup.com
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