23.09.2014
centrotherm photovoltaics AG DE000A1TNMM9
DGAP-News: centrotherm responds to renewed weakness in the photovoltaic sector
DGAP-News: centrotherm photovoltaics AG / Key word(s): Miscellaneous
centrotherm responds to renewed weakness in the photovoltaic sector
23.09.2014 / 09:45
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centrotherm responds to renewed weakness in the photovoltaic sector
Blaubeuren, September 23, 2014 - Due to the recent market weakness in the
photovoltaic industry centrotherm will continue its restructuring and
modernization program. The technology and equipment provider for the
photovoltaics and semiconductor industry consistently enlarges its product
and service portfolio and invests in new process solutions, upgrades and
service packages. With regard to the installed base of more than 50
production lines and more than 2,000 single equipment worldwide the
expansion of the after sales business as well as improving service quality
is an essential component of the modernization process.
On the other hand centrotherm optimizes its cost structure and targets the
path of increasing and continued efficiency. In addition to measures to
reduce the manufacturing and material costs, the package includes
additional business process improvements in administration and production.
To ensure the company's success and to maintain competitiveness,
centrotherm intends as a further measure to cut around 50 jobs at its
headquarters in Blaubeuren and additional jobs at its international
locations. The Management Board informed workforce and the Works Council
today on the proposed costs, efficiency and the personnel measures planned.
Management wishes to discuss and implement the personnel measures in close
coordination and mutual agreement with the Works Council.
The company intends to reduce its workforce in a manner which is as
socially compatible as possible. Compulsory redundancies are not currently
planned. These measures also reflect the response of centrotherm
photovoltaics AG's Management and Supervisory boards to the uncertainty of
Chinese and Taiwanese manufacturers of solar cells prevailing since July
owing to more stringent US anti-dumping duties on solar products from these
countries and resulting in a shift of their investments and capacity
expansions.
As described in its half-yearly report, the company's performance and
business expectations from a positive market recovery in the photovoltaic
sector in the first half of 2014 have recently taken a marked turn for the
worse. From today's standpoint, the Management Board anticipates that the
guidance released in its half-yearly report can still be achieved involving
special effects.
About centrotherm photovoltaics AG
centrotherm has been developing and realizing innovative thermal solutions
for over 50 years. As a leading and globally operating technology group, we
offer production solutions for the photovoltaic, semiconductor and
microelectronic industries.
The continuous further development of our successful solutions in thermal
processing and coating, such as for manufacturing crystalline solar cells
and power semiconductors, form the basis for our successful partnerships
with industry, research and development.
Our customers worldwide appreciate our production systems' process
stability, scalability and availability in mass production. Above and
beyond this, our work is distinguished by the fact that we create high-end
process technology solutions which are specific for our customers and
tailored to their requirements, and the fact that we are outstanding in
system building.
We jointly confront the daily challenges of setting new trends, maximizing
the efficiency of producing, for example, solar cells and semiconductors,
and, coupled with our long machine durations, of securing investments.
In this way, we generate valuable competitive advantages for our customers
through targeted innovations to processes and production solutions.
Our around 800 staff worldwide are committed to the further development of
high-tech solutions for key markets.
centrotherm photovoltaics AG
Johannes-Schmid-Str. 8
89143 Blaubeuren
Internet: www.centrotherm.de
German Securities Identification Number (WKN): A1TNMM (bearer shares);
A1TNMN (unlisted shares from the non-cash capital increase)
ISIN: DE000A1TNMM9 (bearer shares); DE000A1TNMN7 (unlisted shares from the
non-cash capital increase)
Admitted to the Regulated Market/General Standard, Frankfurt Stock Exchange
Corporate domicile: Germany
Contact:
Nathalie Albrecht
Manager Public & Investor Relations
Tel: +49 7344 918-6304
E-mail: [email protected]
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23.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: centrotherm photovoltaics AG
Johannes-Schmid-Strasse 8
89143 Blaubeuren
Germany
Phone: +49 7344 918-0
Fax: +49 7344 918-8388
E-mail: [email protected]
Internet: www.centrotherm.de
ISIN: DE000A1TNMM9
WKN: A1TNMM
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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288137 23.09.2014
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