PV Crystalox receives €28 million in compensation
The British wafer manufacturer has reached a settlement agreement on unfulfilled long-term wafer supply contracts with a customer. The unnamed manufacturer has to pay €28.8 million to PV Crystalox.
PV Crystalox confirms closing of ingot production in the UK
The British manufacturer will now source ingots from a third-party supplier and process these into blocks in the U.K.
PV Crystalox posts lower shipments and revenue for 2016, closes UK ingot production
The UK-based polycrystalline wafer manufacturer posted a decrease in shipments and revenue in 2016. Its UK ingot production is expected to be closed this year due to “deteriorated” market conditions.
