DECEMBER 22 2011
Successful signing of loan agreement
Further expansion of capacities in Baoding
With the successful signing of a loan agreement with DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, a subsidiary of the KfW banking group, on 21st December, 2011, SiC Processing ensures the continued expansion of its production capacities in China.
The loan with a term of 6 years has a volume of 15,000 k€.
The loan finances the construction of production lines 5 and 6 in Baoding as well as one line at a new site in China, to be determined, with an annual processing capacity of 15,000 tons each. After the completion of the two new lines in Baoding, which are currently under construction, the plant in Baoding will reach 90,000 tons of annual processing capacity by Q2 2012.
SiC Processing GmbH
SiC Processing GmbH is the leading provider for the recovery of used slurry from the photovoltaic and the semiconductor industry. With about 900 employees worldwide the group is located with an annual production capacity of currently 247,000 tons per year in 5 countries all over the world. Production sites are located in Germany, China, Norway, Italy and USA. The founder family holds a 25% stake beside the majority shareholder Nordic Capital Fund VII.
Press Contact:
Markus Kreuzer
Head of Marketing and Communications
Phone: 0049 (0) 9622 - 70 39 273
E-Mail: markus.kreuzer@sic-processing.de