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Feb 6th, 2012
 
SUMCO is leaving the solar wafer business
 
SUMCO Corporation decided to dissolve and liquidate its consolidated subsidiaries, SUMCO Solar Corporation and Minamata Denshi Co. Ltd. at a meeting of its board of directors.
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  • SUMCO had used a proprietary Electromagnetic Casting Method, which produces several meter-long ingots with very high purity.
  • The reason is an excessive supply of solar wafer and significant price decline since last spring.

This decision is due to the rapid deterioration of business environment due to the excessive supply of solar wafers with significant price decline since last spring. SUMCO Corporation decided to dissolve and liquidate SUMCO Solar Corporation and Minamata Denshi Co., Ltd., its consolidated subsidiaries manufacturing solar wafers.

 

 
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