SiC Processing ensures further expansion of its capacities in China
Dec 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
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
Back to news listings >
