Ceradyne Opens First Solar Energy Ceramic-Related Factory in Tianjin, China
June 20 2007 - 7:30AM
Business Wire
Ceradyne, Inc. (Nasdaq: CRDN) announced today the opening
ceremonies for its new 98,000 square foot factory in Tianjin,
China. This newly constructed factory will produce high purity
ceramic crucibles for the forming of large polysilicon ingots for
use in the manufacturing of photovoltaic silicon solar cells. The
opening ceremonies were attended by local and other officials as
well as customers, vendors and key Ceradyne executives, including
Ceradyne CEO and Chairman of the Board, Joel P. Moskowitz. The
facility, located on Ceradyne�s five-acre plot in Tianjin�s Tanggu
National Marine High Tech Development Zone, will supply the exact
components to its Chinese photovoltaic solar cell customer base as
it is currently producing in Atlanta, Georgia, where the technology
was developed. The Ceradyne Tianjin facility will be run by
Ceradyne Chinese executives and engineers who have been trained by
U.S. based Ceradyne Thermo Materials� management for some time.
Bruce Lockhart, Ceradyne Vice President responsible for the
Company�s solar energy efforts, commented: �This is a very exciting
event for Ceradyne and particularly for Ceradyne Thermo Materials.
Only three years ago, we established a major dedicated facility in
Atlanta for the development and manufacture of these high
technology ceramic crucibles for sale to solar cell fabricators.
This new Tianjin plant replicates the Atlanta plant, only it is
much larger, to meet our Chinese customer requirements.� Ceradyne
develops, manufactures, and markets advanced technical ceramic
products and components for defense, industrial, automotive/diesel,
and commercial applications. Additional information about the
Company can be found at www.ceradyne.com. Except for the historical
information contained herein, this press release contains
forward-looking statements regarding future events and the future
performance of Ceradyne that involve risks and uncertainties that
could cause actual results to differ materially from those
projected. Words such as �anticipates,� �believes,� �plans,�
�expects,� �intends,� �future,� and similar expressions are
intended to identify forward-looking statements. These risks and
uncertainties are described in the Company�s Annual Report on Form
10-K for the fiscal year ended dated December 31, 2006 and its
Quarterly Reports on Form 10-Q as filed with the U.S. Securities
and Exchange Commission.
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