PVCrystalox

We are sadly watching the slow demise of PVCrystalox, the British company which at one time produced  multicrystalline silicon ingots and wafers, the key component in solar power systems. The Board of the company has announced that they expect to return to shareholders about £38.5 million on, or around 21 June 2019. This represents approximately 95.49 per [...]

By | 2019-06-12T08:49:33+00:00 June 11th, 2019|PV Crystalox|Comments Off on PVCrystalox

PV Crystalox to return cash to shareholders

It seems that as we could be nearing the closing moments of a long and somewhat sad saga, it would be right to cover the most recent events at PV Crystalox, a solar company which enjoyed profitable activities in the UK and Germany for a number of years. The companymanufactured Multicrystalline silicon ingots and wafers, [...]

By | 2019-04-16T16:06:34+00:00 April 16th, 2019|PV Crystalox|Comments Off on PV Crystalox to return cash to shareholders

PV Crystalox: a decision before Christmas?

On 14 September, PVCrystalox reported on the first half of 2018. In terms of trading, this was another difficult period, with far fewer wafers sold, resulting in a fifty per cent decline in revenue (€6.2 million as against €12.6m in H1 2017). This brought gross losses up to around €0.9m, though profit before tax rose [...]

By | 2018-09-24T14:03:09+00:00 September 25th, 2018|PV Crystalox|Comments Off on PV Crystalox: a decision before Christmas?

What future for PV Crystalox?

It would seem that the pessimistic scenario forecast in PVCrystalox’ latest Annual Report is coming to pass. The CEO is quoted as saying “After 7 years, the Board has concluded that there is no real prospect of any change in market conditions which might permit a return to profitability for the Group’s wafering operation without [...]

By | 2018-06-08T07:22:22+00:00 June 8th, 2018|PV Crystalox|Comments Off on What future for PV Crystalox?

Arbitration award for PV Crystalox

On November 8 2017 an arbitration award of US$34 million (£23.15m) was announced in favour of PV Crystalox Solar plc. On that day, the share price rose about 7 per cent to 26.75pence before settling a little. The Stock Exchange tells us that at market closure on Nov 10 the market capitalisation of Crystalox was [...]

By | 2017-11-15T08:09:31+00:00 November 14th, 2017|PV Crystalox|Comments Off on Arbitration award for PV Crystalox

PV Crystalox may no longer extend their strategic review

The volatility of the PV supply chain continues to give headaches to PV Crystalox, makers of the silicon wafers used in photovoltaic cells.  In their half-yearly report, released on 25 August, they reported favourable market conditions up until May, after which wafer prices plunged to new historic lows. At the same time the price of [...]

By | 2017-06-16T04:19:02+00:00 September 6th, 2016|PV Crystalox|Comments Off on PV Crystalox may no longer extend their strategic review