Cell Processing

November 10, 2010
Solargiga Energy Holdings has begun the process for acquiring Sino Light Investments by entering into a sales and purchase agreement with the company. Solargiga has conditionally agreed to buy 100% of Sino Light’s issued shares at a consideration of HK$835,200,000. This total amount will be completed in full once convertible bonds, at a conversion price of HK$1.92 per conversion share, are completed and will total 435,000,000 conversion shares issued.
November 10, 2010
China Technology Development Group has signed a strategic cooperation agreement with Goldpoly International to establish a long-term relationship for the supply of solar cells, and to jointly build up the vertically integrated PV value chain. The terms of the deal call for Goldpoly to provide CTDC with at least 100MW polycrystalline-silicon PV cells per year, at the lowest market price, beginning in 2011. CTDC agreed to preferentially purchase the cells from Goldpoly as its major supplier.
November 10, 2010
In releasing preliminary nine-month financial figures, PV equipment supplier Roth & Rau saw sales and profits impacted by several delays in turnkey projects and a probable cancellation of turnkey projects in India, which were not detailed in a statement. Roth & Rau said that it would probably achieve a total revenue of €189.2 million for the period, compared to €159.5 million in the same period a year ago. Earnings before interest and taxes (EBIT) are expected to be only €3.0 million, compared with €13.1 million in the year ago period.
November 9, 2010
Manz Automation has reported strong revenue growth in the first nine months of 2010. Sales reached €121.3 million, compared to €46.7 million in the same period a year ago. Revenues in the third quarter of 2010 reached €53.8 million, driven by new product sales for the production of crystalline solar cells. Revenue was €18.5 million in the same quarter of the previous year. Due to continued demand, Manz has raised its revenue guidance for 2010 to between €170 - €175 million, up from at least, €140 million.
November 9, 2010
Increased orders from PV manufacturers in Asia are responsible for Despatch Industries posting third quarter revenue in excess of US$75 million. Despatch said it had expanded production capacity to meet demand, particularly for thermal furnaces. Lead times have subsequently declined for its range of products, the company said.
November 9, 2010
New supply agreements with multiple customers have pushed JA Solar’s 2011 delivery commitments passed 1.2GW. The cell and module manufacturer said it had secured an additional 600MW of new product orders, all with delivery dates in 2011 and had received prepayments associated with these customer orders.
November 9, 2010
Meyer Burger has concluded a CHF 70 million wire saw and wafer inspection systems contract with an unnamed customer in Asia. The contract will enable the customer to expand its production facility during next year.
November 9, 2010
Motech Industries' consolidated solar cell shipments reached 102MW at the end of October 2010. This figure was accomplished after achieving 1.15GW capacity through Q3'10. This places Motech as the first Taiwan-based solar cell manufacturer to have reached over 1GW capacity and to have shipped over 100MW in a single month.
November 4, 2010
BTU International's third-quarter financial results, ended October 3, revealed an ongoing strength in the company's electronics business, reporting an operating profit of US$0.8 million in the third quarter, driven by increased factory utilization.
November 2, 2010
Tempress Systems, a solar subsidiary of Amtech Systems, has obtained US$33 million in new solar orders from numerous Asian customers. The customers, both new and existing for the company, ordered Tempress’s diffusion processing systems this past October.

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