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PV Crystalox Solar
Summary
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PV Crystalox Solar AG arose from the merger of Crystalox Ltd. in Wantage near Oxford, UK, and PV Silicon AG in Erfurt, Germany. It is one of the world’s leading producers in ingot, block and wafer form for use in solar cells. Thanks to our technological lead, we have been playing a decisive role in the photovoltaic industry since 1990. Over the past five years, our Company has increased its revenues more than twenty-fold to EUR 98.5 million in 2004. Responsible for this success is an internationally experienced management team backed by nearly 200 highly qualified and motivated employees. Our customers are the world’s leading solar cell producers. By working closely and cooperating with renowned research institutes, we are able to offer and develop new products and technologies with major benefit to our customers.
PV Crystalox Solar pioneered the development of directional solidification of multicrystalline silicon as an industrial production technology during the last decade. Acknowledged as a world leader in this field PV Crystalox is now the world´s largest independent manufacturer of multicrystalline silicon. The company also has developed proprietary and innovative technologies for the processing of solar-grade silicon and the wire sawing of single and multicrystalline silicon ingots.
Multicrystalline silicon wafers have increased their market share continuously over the past few years and are now dominating crystalline silicon technology, the leading solar cell technology today and for the foreseeable future. Continued development by PV Crystalox Solar of directional solidification technology and multiwire sawing technology has enabled multicrystalline silicon solar cells to demonstrate high efficiencies together with lower production costs.
The business has been producing multicrystalline silicon since 1990, supplying both ingots and wafers to the world´s leading PV companies. With expertise in silicon refining, wafering and equipment design PV Crystalox Solar is uniquely positioned to meet demands of the PV industry. These complementary activities ensure continuous optimisation of material quality and productivity and enable PV Crystalox Solar to rapidly deliver benefits of technology advances to its customers.
PV Crystalox Solar is headed by internationally renowned experts with long industrial experience in the field of silicon materials for solar cells. Working with a highly motivated team of people experienced in industrial manufacturing the company works closely with its worldwide customers to deliver products maximizing customer benefits.
Source: Company Website - 23/02/2007
Location and Contacts
| Company Headquarters: |
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| Region: | Thueringen | |
| Other Offices: |
Oxford, United Kingdom
Erfurt, Germany
Tokyo, Japan |
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| Contact: | Dr Peter Finnegan | |
| Email Address: | info@pvcrystalox.com | |
| Website: | www.pvcrystalox.com |
Classification
| FTSE Sector: |
Industrials > Industrial Goods & Services > Industrial Engineering |
| FTSE Target Customer Sector: |
Industrials > Industrial Goods & Services > Industrial Engineering Industrials > Industrial Goods & Services > Electronic & Electrical Equipment Industrials > Construction & Materials > Construction & Materials |
| Customer Types Targeted: |
Large and Very Large Enterprise Small to Medium Enterprises |
| LH Sector: |
Energy > Infrastructure |
| LH Tags: |
Technology Tags > Energy > Infrastructure > Energy Source Type > Electricity Technology Tags > Energy > Generation > Energy Source > Solar Technology Tags > Chemicals & Materials > Basic Materials > Basic Material Type > Minerals Technology Tags > Chemicals & Materials > Advanced Materials > Advanced Material Type > Semiconducting Materials Technology Tags > Industrials > Industrial Systems & Components > Industrial Systems & Components > Other Clean Energy Tags > Generation > Renewables > Solar |
Latest News
| Date | Headline | Source |
|---|---|---|
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PV Crystalox says 2007 net profit up 48.7 per cent
PV Crystalox Solar Plc. reported a 48.7 percent rise in net profit and said it is confident about the year ahead as a result of its strong profitability, strong balance sheet and strong operational cash flow. The solar cells maker reported a net profit of 47 million euros compared with 31.6 million euros while revenue rose to 263.4 million euros from 242.4 million euros year ago. PV Crystalox also reported a 52.8 percent rise in adjusted earnings before interest, taxes, non-recurring expen... » MorePlease note that Library House is not responsible for the content of external web sites. |
Hemscott |
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PV Crystalox Solar to invest €80m in new silicon plant in Germany
PV Crystalox Solar PLC said it will invest about 80 mln eur in a new silicon plant in Germany, to be completed by the end of 2008. The company said annual production in the first year is expected to reach 900 metric tonnes and will be increased to 1,800 metric tonnes subsequently. It said further rasing of capacity will be as per demand. The company added it would recive about 21 mln eur as financial support from the state of Sachsen-Anhalt, the German federal government and the European U... » MorePlease note that Library House is not responsible for the content of external web sites. |
Hemscott |
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PV Crystalox Solar completes IPO
PV Crystalox Solar PLC (“PV Crystalox Solar”, the “Company” or “the Group”), one of the world’s leading independent developers and producers of solar-grade silicon products for solar electricity generation systems, today announces that its shares have been admitted to the Official List and will begin unconditional trading on the London Stock Exchange’s Main Market at 8:00am GMT today under the ticker symbol PVCS. Iain Dorrity, Chief Executive PV Crystalox Solar PLC, said: “W... » MorePlease note that Library House is not responsible for the content of external web sites. |
Company Press Release |
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PV Crystalox Solar IPO priced at £1.30 a share valuing company at £542m | Hemscott |
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PV Crystalox Solar plans to raise £50m in IPO | Reuters |
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PV Crystalox Solar: funding update | Library House |
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Red Herring magazine’s top private European energy companies for 2006 includes PV Crystalox Solar | Other |
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PV Crystalox Solar considers IPO | Planet Ark Website |
| Page: 1 | ||
Key Financials
Data
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Dec 07 12 months |
Jan 03 12 months |
Jan 04 12 months |
Jan 05 [1]
12 months |
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|---|---|---|---|---|
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263,400 | 81,000 | 98,500 | 183,000 |
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| Headcount | 200 | - | 180 | 200 |
Notes:
- Financials were provided by Peter Finnegan (Finance Director) during a call in May 2006.
Capital History
Investment History:
| Date | Stage | Amount (000) | Investor | |
|---|---|---|---|---|
| 1999 (e) | Undisclosed | MicroVenture GmbH & Co. KGaA [1] | ||
| Q3 2003 | Undisclosed | Ventizz Capital Partners Advisory |
Public Market Activity:
| Date | Event | Market | Market Cap. (000) |
|---|---|---|---|
| Q2 2007 | Initial Public Offering | London Stock Exchange | 0 |
| Total: | 0 | ||
Notes
| [1] | The exact date of this investment is not known. Library House has therefore used the founding date of the investor as an assumption. |
Current Management Team
| Name | Role | Joined | Other Roles | Past Roles |
|---|---|---|---|---|
| Dr Iain Dorrity (56) | Managing Director | Not Set | 1 | - |
| Dr Peter Finnegan (57) | Finance Director | Not Set | 1 | - |
| Dr Hubert Aulich | Marketing Manager | Not Set | - | - |
Company Origins
| Origin Name | Type | Date | Description |
|---|---|---|---|
| Crystalox | Merger | 18th Nov 1994 | PV Crystalox Solar AG arose from the merger of Crystalox Ltd in Wantage near Oxford, UK, and PV Silicon AG in Erfurt, Germany. |
Customers & Partners
| Name | Type |
|---|---|
| Bayer Solar | Customer |
| Photowatt | Customer |
| Eurosolar | Customer |
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