Solar shakeout: SiC Processing over €100 million equity loss

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The dire business conditions within the solar wafering sector have forced slurry recycling specialist, SiC Processing to warn of over a €100 million in equity losses, or more than half the equity in the company as it deals with insolvency proceedings.

The significant write down on the depreciation of the fair value of the company and its assets requires a shareholder meeting, which is expected to take place on January 24. 

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