Wafer producer PV Crystalox Solar has said it expects shipments to be at the high end of its mid-year guidance of 160-180MW.
The company, which is still operating at very low utilisation rates, noted that it continued to operate in cash conservation mode, while reducing production costs, quality improvement programmes and inventory management.
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As the company had long-term polysilicon purchasing agreements, it has been re-selling polysilicon due to ingot production cuts. However, PV Crystalox noted that wafer and polysilicon inventories by the end of 2013 were expected to be significantly lower than it started with at the beginning of the year.
The company had shipped 79MW of wafers in the first half of 2013, up from 61MW in the same period a year ago.
Revenue was €28.6 million, down from €32.6 million in the first-half of 2012. The company had reported a loss of €0.9 million.
