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Article: Timminco Provides Update on Solar Grade Silicon Operations.
- Article from:
- Marketwire Canada
- Article date:
- July 22, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Jul 22, 2009 (Marketwire via COMTEX) -- Timminco Limited ("Timminco" or the "Company") (TSX:TIM) provided an update today on its solar grade silicon operations.
For the second quarter of 2009, the Company produced 243 metric tons of solar grade silicon (also known as upgraded metallurgical silicon, or "UMSi"), operating three purification lines out of an available seven lines. Due to weak market conditions in the solar photovoltaic energy industry, the Company shipped 34 metric tons in the quarter, at an average selling price of $39 per kg.
In light of continuing weak demand for UMSi and its plan to maintain production at levels in line ...