Ceradyne Opens Second Solar Energy Ceramic-Related Factory in Tianjin, China
January 19 2011 - 7:30AM
Marketwired
Ceradyne, Inc. (NASDAQ: CRDN) announced the grand opening of its
new 218,000-square-foot factory in Tianjin, China, Ceradyne Tianjin
Advanced Materials. This newly constructed facility 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 customers from Europe,
the U.S., Taiwan, Korea, Singapore, Malaysia and China. Suppliers
and contractors from Italy, Mexico, the U.S. and China also
attended along with Chinese employees and key Ceradyne executives,
including Ceradyne ACO President David P. Reed and Ceradyne CFO
Jerrold J. Pellizzon.
The new facility is located on Ceradyne's 13.7-acre plot in the
Tianjin Airport Economic Area. The operation will be run by
Ceradyne Chinese executives and engineers who have been trained by
U.S.-based Ceradyne Thermo Materials' management.
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.
It was only three and a half years ago that we opened the first
crucible factory in Tianjin for the development and manufacture of
high-technology ceramic crucibles to meet our Chinese customers'
requirements."
About Ceradyne, Inc. Ceradyne develops, manufactures, and
markets advanced technical ceramic products and components for
defense, industrial, automotive/diesel, and commercial
applications. In many high performance applications, products made
of advanced technical ceramics meet specifications that similar
products made of metals, plastics or traditional ceramics cannot
achieve. Advanced technical ceramics can withstand extremely high
temperatures, combine hardness with light weight, are highly
resistant to corrosion and wear, and often have excellent
electrical capabilities, special electronic properties and low
friction characteristics. Additional information about the Company
can be found at http://www.ceradyne.com.
Forward-Looking Statements 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 December 31, 2009 and its Quarterly Reports on
Form 10-Q as filed with the U.S. Securities and Exchange
Commission.
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