Timminco Reports 554 Metric Tons Of Solar-Grade Silicon Production

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AMG Advanced Metallurgical Group NV's subsidiary Timminco Ltd. says it produced 554 metric tons (mt) of solar-grade silicon during the fourth quarter of 2008 – representing an increase of 62% over the amount produced during the third quarter and resulting in total production of 1,214 mt for 2008.

Shipments of solar-grade silicon for the fourth quarter were 423 mt. As a result, Timminco achieved total shipments for the 2008 year of 1,044 mt. The average selling price for solar-grade silicon shipped in the fourth quarter was C$65 per kg, resulting in gross revenue of C$27.7 million for this product line in the quarter. Average selling price in the quarter reflects customer mix and the depreciation of the Canadian dollar against the euro and U.S. dollar during the quarter, the company notes.

SOURCE: Timminco

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