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MEMC Electronic Materials has said that it continues to add polysilicon capacity at its Pasadena, Texas facility after several unscheduled disruptions in recent months. The company said in a mid-quarter update that it expects revenues of $560 to $620 million for the quarter, which is in the upper half of its previous guidance.
“There continues to be the potential for unanticipated events to occur, which could affect our polysilicon production output, as we have experienced over the past year,” said Nabeel Gareeb, MEMC's chief executive officer. “These elements warrant a continued degree of caution in our outlook given the amount of time left in the quarter.”
MEMC also noted that it has received full deposits from both Conergy and Tainergy for 2008, with wafer deliveries now begun.
