centrotherm photovoltaics bundles Solar Cell Module segment activities within centrotherm cell module GmbH

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This forms part of the consistent strategic further development of the existing Group structure.

centrotherm photovoltaics AG, the globally leading provider of technology and equipment to the photovoltaics sector, will bundle its Solar Cell & Module segment within a wholly-owned subsidiary in future. This forms part of the consistent strategic further development of the existing Group structure. “We are convinced that with this market-oriented organization that is strongly geared to implementation, we have created an excellent basis for further profitable growth, innovative strength, and the extension of our technology-leadership,” commented Robert M. Hartung, CEO and Management Board Spokesman of centrotherm photovoltaics AG.

With effect as of September 1, centrotherm cell & module GmbH will take over the operating activities of the Solar Cell & Module segment, which has been established within centrotherm photovoltaics AG to date. The segment’s assets, processes and staff that are essential to its operating activities will be transferred to the new company as a consequence. This organizational step has no effect on centrotherm photovoltaics’ production units and sites.

Dr. Josef Haase (CEO) and Olaf Demuth (CFO) will manage centrotherm cell & module GmbH, which is to be based at Blaubeuren. “Our customers will benefit to an even greater extent from our proximity to them, as well as our individual project processing and customer care that is more strongly oriented to the development of solutions,” commented Dr. Haase. “As a technology leader, we are constantly endeavoring to further expand our innovation leadership for high-performance cells and modules. We support our customers in optimizing their integration along the solar value chain in this context, in order to boost their competitiveness and strengthen their cost-leadership.”

About centrotherm photovoltaics AG

centrotherm photovoltaics AG, which is based at Blaubeuren, Germany, is the world’s leading technology and equipment provider for the photovoltaics sector. The company equips well-known solar companies and new sector entrants with turnkey production lines and single equipment to manufacture silicon, ingots and bricks, crystalline solar cells and modules, and thin film modules. As a consequence, the Group possesses a broad and well-founded technological basis, as well as key equipment at practically all steps of the photovoltaics value chain. centrotherm photovoltaics guarantees its customers important performance parameters such as production capacity, efficiencies, and completion deadlines. The Group employs around 1,900 staff, and operates globally in Europe, Asia and the USA. centrotherm photovoltaics achieved revenue in the 2010 financial year of EUR 624,2 million, EBIT of EUR 75.4 million. The company is listed in the TecDAX index on the Frankfurt Stock Exchange.

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