Timminco Limited said in an update to fourth quarter, 2008 financials that it had shipped 1,044MT of UMG-Si in 2008. The company had set a target in 3Q08 of achieving shipments in the range of 1,200-1,500MT for 2008. As part of its production capacity expansion plans at its subsidiary Becancour Silicon Inc, the company produced a total of 1,214MT in 2008. Production actually increased 62% compared with the previous quarter to 554MT.
Timminco had previously stated plans to expand capacity to 14,400MT by mid-2009, however the company did not provide any future guidance in a statement. It is not known whether Timminco’s shipments were impacted by recent revised business outlook at Q-Cells, the largest PV manufacturer and Timminco’s biggest customer, or whether delays existed in ramping new capacity, restricting shipments.
Timminco said that it had commissioned its fifth and sixth production lines in the last week of November and the third week of December 2008, respectively.
UMG-Si ASP in the fourth quarter was (Canadian) $65 per kg, up significantly from an ASP of $55 per kg in previous quarters. Gross revenue for the quarter was $27.7 million, according to Timminco.