SiC Processing GmbH
SiC Processing GmbH: SiC Processing ensures further expansion of its capacities in China
SiC Processing GmbH / Key word(s): Finance/ 22.12.2011 / 15:06 --------------------------------------------------------------------- - successful signing of loan agreement - further expansion of capacities in Baoding Hirschau, 22nd December, 2011 - with the successful signing of a loan agreement with DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, a subsidiary of the KfW banking group, on 21st December, 2011, SiC Processing ensures the continued expansion of its production capacities in China. The loan with a term of 6 years has a volume of 15,000 kEUR. The loan finances the construction of production lines 5 and 6 in Baoding as well as one line at a new site in China, to be determined, with an annual processing capacity of 15,000 tons each. After the completion of the two new lines in Baoding, which are currently under construction, the plant in Baoding will reach 90,000 tons of annual processing capacity by Q2 2012. Please register at our website http://www.sic-processing.com/index.php/Newsletter.html to automatically receive the latest news of SiC Processing group. SiC Processing GmbH SiC Processing GmbH is the leading provider for the recovery of used slurry from the photovoltaic and the semiconductor industry. With about 900 employees worldwide the group is located with an annual production capacity of currently 247,000 tons per year in 5 countries all over the world. Production sites are located in Germany, China, Norway, Italy and USA. The founder family holds a 25% stake beside the majority shareholder Nordic Capital Fund VII. Press Contact: Markus Kreuzer Head of Marketing and Communications Phone: 0049(0)9622 - 70 39 273 E-Mail: markus.kreuzer@sic-processing.de End of Media Release --------------------------------------------------------------------- 22.12.2011 Dissemination of a Press Release, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 150802 22.12.2011
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