Heraeus PV Announces Unprecedented Global Expansion Plan

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Heraeus PV announced plans today for a series of global production enhancements for its Photovoltaic business unit that will start immediately and continue throughout 2010 resulting in a 300% capacity expansion.

Heraeus Global Business Unit Manager Andy London announced plans today for a series of global production enhancements for its Photovoltaic business unit that will start immediately and continue throughout 2010.

“We have just increased our production capacity by 30%,” London said. “And we have plans to increase production by another 30% by the end of May, 2010 with additional capacity being added throughout the remainder of the year. By the end of the year we anticipate that we will have increased our capacity by 300% overall.”

Along with the capacity expansion Heraeus plans on adding additional production and technical personnel.

London observed that, "This unprecedented expansion of our global production capacity reflects the dynamic nature of the photovoltaic market and the rapid acceptance of our industry leading front and back side silver pastes by some of the largest solar manufacturers in the world.”

About Heraeus Photovoltaic Materials Business Unit

The Heraeus Photovoltaic Materials Business Unit is part of Heraeus, the precious metals and technology group headquartered in Hanau, Germany, is a global, private company with over 155 years of tradition. Our businesses include precious metals, sensors, dental products and biomaterials, as well as quartz glass and specialty lighting sources. With product revenues approaching € 3 billion and precious metal trading revenues of € 13 billion, as well as nearly 13,000 employees in more than 110 companies worldwide, Heraeus holds a leading position in its global markets.

All Heraeus products are supported by in-depth process knowledge, personalized service, and custom solutions for emerging applications. With multiple R&D sites and a global network of production and support facilities, Heraeus continually introduces new products that meet both local and global requirements. The company’s goal is to achieve a level of quality and performance unsurpassed in the industry.

For further information contact:
Heraeus Contact: Gail Strong
610-825-6050

Media Contact: Charles Housam
302-429-5124

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Charles Housam

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Gail Strong

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