centrotherm photovoltaics expands

Blaubeuren, 27.05.2008

  • Expansion in Blaubeuren and Dresden
  • 87,500 square meters for new administration building and production halls
  • Clear commitment to Germany as a business location

centrotherm photovoltaics AG continues its dynamic growth. The internationally leading supplier of technology and services for the manufacturing of solar cells and solar silicon is consequently expanding its company sites in Blaubeuren and Dresden. A new administration building and additional production halls are being created over an area of 80,000 square meters at Blaubeuren in Baden-Württemberg. Especially repetition parts will be produced at this location in the future. The subsidiary FHR Anlagenbau, which is based at Dresden in Saxony, has purchased a piece of land of around 7,500 square meters in order to expand its production and assembly capacities for sputter systems. Sputter technology is a key component for the production of thin-film turnkey lines. FHR currently employs a workforce of 120 employees in Dresden. The aim is to raise this number to around 200 by 2009.

"As an innovative high-tech company in the solar sector, we have grown extremely rapidly in recent years, and have made major investments in technology and in the expansion of our workforce," commented Robert Hartung, CEO of centrotherm photovoltaics. "The expansion of our site allows us to make an important step towards implementing our ambitious growth plans. This expansion means we are making a clear commitment to Germany as a business location."

The centrotherm Group has created around 1,000 jobs in Germany since it was founded in 1976. Of these, 330 are attributable to centrotherm photovoltaics AG. Besides the 80 jobs planned for Dresden, the aim is to create over 100 new jobs in Blaubeuren by the end of next year.

About centrotherm photovoltaics AG

centrotherm photovoltaics AG is an internationally leading provider of technology and services for the production of solar cells and solar silicon. The broad product spectrum comprises key equipment and turnkey production lines for crystalline and thin-film solar cells. The product range is supplemented by reactors and converters for the manufacturing of solar silicon. Business operations currently focus on the growth market of Asia. The international customer base includes well-known companies from the solar sector. The company, which is based in Blaubeuren near Ulm, currently has over 330 employees.

centrotherm photovoltaics AG

Johannes-Schmid-Straße 8
89143 Blaubeuren
www.centrotherm.de

ISIN: DE000A0JMMN2
WKN: A0JMMN
Listing: Regulated Market/Prime Standard, Frankfurt Securities Exchange
Registered Office: Germany

Company Contact:

Saskia Schultz-Ebert
Senior Manager Investor Relations
T +49 7344 918-8890
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Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
T +49 40 3690 50-31
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