http://www.crystalox.com/

With 25 years in solar technology development, PV Crystalox Solar is a leading manufacturer of multicrystalline silicon ingots and wafers, the key component in solar power systems.

Its customers, the world's leading solar cell producers, combine these wafers into solar modules to harness the clean, silent and renewable power from the sun.

PV Crystalox Solar is playing a central role in making solar cost competitive with conventional hydrocarbon power generation, and as such continues to seek to drive down the cost of production whilst increasing solar cell efficiency. The gap between the cost of solar power production and utility energy is decreasing year on year.

With a long history of production with high growth and profitability, PV Crystalox Solar is well placed to benefit greatly from the rapid growth in the solar energy market

London, United Kingdom: PV Crystalox Solar Plans Listing on London Stock Exchange

PV Crystalox Solar, a producer of solar-grade silicon products for solar electricity generation systems, today announced its intention to proceed with an initial public offering of its ordinary shares, which are intended to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange.

JPMorgan Cazenove has been appointed as sponsor to the Company and global coordinator and sole Bookrunner in relation to the offer. Jefferies International Limited has been appointed as co-lead manager.

PV Crystalox Solar, initially established in the UK in 1982, is a highly specialised supplier to the worlds leading solar cell manufacturers, producing multicrystalline silicon ingots and wafers for use in solar electricity generation systems. The Group was one of the first to develop multicrystalline technology on an industrial scale, setting the industry standard for ingot production.

PV Crystalox Solar manufactures silicon ingots in Oxfordshire, United Kingdom, with the majority of its output shipped to Japan, where it is sold either as ingots or as wafers after processing by a sub-contractor. The balance of the Groups ingots are processed into wafers for European customers at the Groups facilities in Erfurt, Germany. The German operation is constantly developing the Groups wire saw technology for the production of thinner wafers.

PV Crystalox Solar has strong, long-established relationships with major solar cell manufacturers, including Sharp and Schott Solar. The Group does not compete with its customers and is therefore able to work closely with them to improve wafer quality and minimize costs.

By focusing purely on the production of solar-grade silicon products, the Group benefits from the higher margins available to companies in the upstream of the photovoltaic value chain, where there are fewer competing manufacturers and higher barriers to entry.

PV Crystalox Solar has an established record of delivering strong financial performance. The Group recorded revenues of 242m for the year ended 31 December 2006, an increase of 32% (31 December 2005: 183m) and a 56% increase in Group pre-tax profits to 49m (31 December 2005: 31.3m)

In 2006 the Group produced silicon wafers and ingots corresponding to a solar electricity generation capacity of 215 MWp. As at the end of 2006 the Group had available production capacity equivalent to 288 MWp and employed around 200 staff.

Iain Dorrity, Chief Executive Officer, PV Crystalox Solar said PV Crystalox Solar has a long and successful history as one of the worlds leading manufacturers of solar-grade silicon products. Over the last five years we have been consistently profitable, trebling our sales and continuing to grow our margins. We look forward to listing on the London Stock Exchange, which we believe will further enhance our ability to grow the business.

The Group is proposing to build its own polysilicon production facility in Germany to secure an additional source of feedstock. The Directors believe that in-house polysilicon production will provide greater flexibility in sourcing its silicon feedstock. PV Crystalox Solar expects the facility to commence operation in 2009 with an initial planned production volume of 900 metric tonnes in that year, rising to 1,800 metric tonnes in 2011
http://www.solarbuzz.com/news/NewsEUCO396.htm

hi sticky .... hope the chart is borne out by reality as i have a few of these .... hope you're keeping well

Hi cyners yep on holiday but bored.

Just about to turn blue.

Trust your keeping well mate.

indeed .... currently in dierhagen which is just east of rostock ..... meeting client in really nice hotel there which goes down onto the beach ..... very pretty in a dunish way, and very peaceful


where are you? whitby? first class lobsters there

following good results from SOLA we should expect PVCS to produce interim results on 19th august which will please shareholders.

Yep and its getting a march on now.

My only bit of blue today!

Ditto skinny along with DVO

chart looking good, finished strongly, more to come next week with results on thursday.

Interim Results

Interim report 2010
Strong increase in wafer shipments with pricing now stabilised

PV Crystalox Solar PLC, one of the world's leading providers of photovoltaic ('PV') silicon wafers, announces interim results for the 6 months ended 30 June 2010.

Key Highlights

Strong market demand with wafer prices stabilising

Wafer shipment volume of 155MW (H1 2009: 100MW)

Revenues of 111.7 million (H1 2009: 121.6 million)

EBIT (excluding currency impact) 12.4 million (H1 2009: 35.2 million)

Polysilicon production at Bitterfeld of 321MT

Strong net cash position at 30 June 2010 of 77.1 million (31 December 2009: 70.2 million)

Interim dividend of 1.0 euro cent per share (2009: 2.0 euro cents per share)

is it my imagination or are those figures decidedly less than exciting?

Thats my take!

does that mean i may have been right to bank a modest profit the other day or will all here tell me that iw as exceedingly stupid and should have hung on?

Yes :-)

:-((
so you think i was exceedingly stupid too

cynic - I bought some in the high 40's and am/was looking to buy a chunk in the SIPP/ISA - still watching although less convinced!

I think i will be jumping ship today,still made a nice profit though.

i think there'll be a lot of rats beating you to it ..... and on that happy thought, i'll go to board my flight back to uk; shall catch up with you all late this afternoon

Interim Management Statement.

The PV market is continuing to grow strongly with global installations in 2010 expected to double and reach 14-16GW by the year end. As a consequence the Group has seen strengthening demand for its wafers and its production has operated at full capacity during the second half of the year. Our full year shipment volumes are now expected to be around 350MW; ahead of the 320-340MW range indicated at the time of our interim results on 19 August 2010.

A 50% increase in shipments at the interims was accompanied by a 10% decline in revenues. They flattered to deceive.

Now they're saying that full year shipments will be 10% higher than estimates, but have prices been squeezed further since the interims? Why can't they talk money? Too much smoke and mirrors.

Agreed Hils - these are now on my "jam tomorrom" list. I have a few and will look again in the new year.