SOLON Acquires 19% of Estelux

SOLON AG, has acquired a 19.5 percent stake in the Italian start-up company Estelux s.r.l. Estelux plans to build up production of solar-grade silicon using the Siemens process.

Estelux intends to set up a production site in the Italian town of Ferrara with an annual production capacity of 4,000 tons. Production is scheduled to start at the end of 2010. The total investment will amount to approximately €360 million [US $557.5 million].

The purpose of this strategic investment is to broaden SOLON’s supply base for raw materials in what remains a demand-driven market and to secure the its long-term access to additional volumes of solar silicon and solar cells, according to the company.

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