SiC Processing raising €100 million for slurry recycling expansion

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With significant ingot and wafer capacity expansions, notably underway in Asia, the demand for slurry recycling is working in tandem. With a claimed 40% market share, SiC Processing is raising €100 million via a bond issue to further expand operations in Asia and other regions.

SiC Processing saw sales increase 54% in 2010 to €160 million, compared to the previous year.

“We as a technology leader in a future-oriented industry and are very well set-up for the future,” said Thomas Heckmann, founder and CEO. “Especially in the booming markets of Asia, we are in the coming years to successfully grow further.”

Nordic Capital Fund VII acquired a majority stake in SiC Processing in June 2010.

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