Purchase a substantial stake in a highly profitable participant in a Green IndustryThe Business
With production in Russia and Germany, the Company grows monocrystaline boules and casts multicrystalline ingots from which it saws silicon wafers for sale to leading western producers of solar cells and solar panels. In 2008, wafer production averaged 750,000 wafers per month and by year-end production stood at one million per month.
The Company has sales agreements in place through 2014 with two companies for its entire capacity but has other well-known customers that purchase any excess production. Production could be increased to three million per month by year-end 2009 through an investment of about $50MM in production equipment.
Market
Revenues for the combined Russian and German production facilities in 2008 were about USD70m with USD55m in Russia. By the end of 2008 about 75% of revenues will be come from operations in Germany. Despite a fall in prices for its products, the Company’s production costs, principally for Si feedstock, have also been reduced, allowing it to maintain a healthy profit margin in the current environment.
The Company has a strong team of specialists who have been working in the solar business for up to fifteen years. The owner-founders of the Company are physicists with specialization in crystal growth, which allows them to understand the subtleties of the physical processes underling their business.
The Company has developed unique processes including a method of removing impurities from scrap silicon and a new approach to crystal growing. The Company also has an innovative quality control system.
Sector: ManufacturingSegment: Solar WafersRegion: RussiaFinancing Size: $50 to $100mContact: — —
Company: Canopy Partners LLCTelephone: +7 914 683 2561Email: [email protected]