About us

our strategy

Whilst the strategic review remains ongoing the Group will continue to produce wafers and to operate in cash conservation mode in 2016.

Cash conservation focus

The Group will continue to operate in cash conservation mode with ingot output aligned to our wafering capacity. Current wafer and polysilicon spot pricing means that wafer prices now exceed the Group’s cash cost of production. The Group has significant polysilicon inventory and under current circumstances conversion into wafers is now a more favourable option than trading the surplus polysilicon at market prices.

Our long-term strategy
How we will achieve this in 2016  
2015 priorities

Cash conservation

  • Ingot production output aligned to wafering capacity
  • Retain operational capabilities
  • Reduce polysilicon inventory by producing wafers and trading excess polysilicon
  • Focus on securing favourable outcome in arbitration proceedings
  • Ingot production output at approximately 30% of capacity
  • Retain operational capabilities
  • Trading excess polysilicon to manage inventory levels

Continued focus on operating cost reductions

  • Other supplier price reductions
  • Production efficiencies
  • Higher yields
  • Negotiate improved polysilicon pricing
  • Other supplier price reductions
  • Production efficiencies
  • Higher yields

Focus on further developments of the leading silicon processing technology

  • Working with customers to increase product quality and develop the next generation of wafer technology
  • Working with customers to increase product quality and develop the next generation of wafer technology

Continued focus on major PV companies

  • Enhance relationships with existing customers
  • Developing new customers
  • Enhance relationships with existing customers
  • Developing new customers
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