Ceradyne acquires minority interest in Yamanaka EP; raises 2011 guidance figures

March 10, 2011
Facebook
Twitter
LinkedIn
Reddit
Email

Ceradyne has acquired a minority interest in Japanese advanced technical materials firm Yamanaka EP for an undisclosed amount. The companies have also decided to change the name of the firm to Yamanaka Ceradyne and to place a Ceradyne representative on its board of directors.

Takao Danno, president of Yamanaka, said, “We are very pleased to have our long-term supplier, Ceradyne Boron Products, as an integral part of the Yamanaka family. We anticipate continued growth in the Japanese and other Asian nuclear power plant markets over the next decade.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Ceradyne has also announced that it is adjusting its 2011 guidance to a range of US$2.35 per fully diluted share to approximately US$2.70. The company also adjusted its 2011 sales figure from US$505 million to US$560 million. Ceradyne cited increasing gross margins and rising demand for its solar crucibles as two of the principal reasons behind the revised figures.

“We are comfortable in revising our 2011 guidance based on several factors,” commented Ceradyne’s CEO and chairman, Joel Moskowitz. “First, we are experiencing increasing gross margins. We believe this is due to higher volume efficiencies, an improved sales mix, as well as firmer pricing in our industrial and commercial markets.

“Secondly, the recent US$56.6 million ESAPI award and several potential additional armor opportunities increase the probability of a substantial increase in military business compared to 2010. Finally, the projected increased industrial ceramic business in Europe and strong demand for our high-purity fused silica ceramic solar crucible lead us to project continuing positive results throughout 2011.”

Read Next

Premium
October 24, 2025
Marcel Suri explores the datasets that will help improve the accuracy of PV output estimation and drive better performance.
October 24, 2025
US solar tracker manufacturer Nextracker and Saudi-based energy company Abunayyan Holding have formed a joint venture (JV) in Saudi Arabia.
October 24, 2025
The Saudi state-owned renewables developer Masdar has begun construction on a giant solar-plus-storage project in Abu Dhabi.
October 23, 2025
The average price of a solar PPA signed in Europe in Q3 2025 fell below €35/MWh, reaching €34.25/MWh, according to LevelTen Energy.
October 23, 2025
Infrastructure investment firm Nuveen Infrastructure has secured US$171 million in financing for a 137MW solar PV plant in South Korea.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal