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.”