September 25, 2016 6:35 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Silicor Materials, Inc.

Company Overview

Silicor Materials, Inc. manufactures solar silicon for solar photovoltaic cell and module manufacturers worldwide. It also provides aluminum by-products, such as aluminum-silicon master alloys, and polyaluminum chloride for water treatment applications at the municipal and industrial scales. Silicor Materials, Inc. was formerly known as Calisolar, Inc. and changed its name to Silicor Materials, Inc. in March 2012. The company was founded in 2006 and is headquartered in San Jose, California with manufacturing facilities in Vaughan, Canada; and Mississippi. It also has a research and development center in Berlin, Germany.

PO Box 610220

San Jose, CA 95161-0220

United States

Founded in 2006





Key Executives for Silicor Materials, Inc.

Chairman and Chief Executive Officer
Chief Financial Officer and Director
Age: 55
Chief Operating Officer
Senior Vice President of Finance
Compensation as of Fiscal Year 2016.

Silicor Materials, Inc. Key Developments

Silicor Materials, AM Technical Solutions Close $8.9 Million Project Management Contract

Silicor Materials, Inc. announced the signing of a contract with AM Technical Solutions (AMTS) - a construction and project management and facility solutions firm for the high tech markets - for the project management of Silicor's first commercial-scale plant in Grundartangi, Iceland. The project is expected to break ground before the end of 2016 and be fully operational by 2019. The companies will work together over the next 36 months to complete the 121,000 square-meter production facility, which will supply photovoltaic (PV) cell and module manufacturers around the world with at least 19,000 metric tons of solar silicon each year. Under the terms of the agreement, worth more than USD 8.9 million, AMTS is responsible for overseeing and executing the project's strict timeline and controlling the budget throughout the construction process. Silicor's solar silicon is a lower-cost, environmentally friendly alternative to traditional polysilicon, allowing manufacturers to reduce production costs with no impact to product performance or quality. The material, which currently powers more than 20 million PV cells around the world, is produced through a proprietary metals-based process that consumes significantly less energy than traditional methods.

Silicor Materials Inc Opens its First Polysilicon Manufacturing Facility in Iceland

Silicor Materials Inc. will open its first polysilicon manufacturing facility in Iceland due to the country's low power costs, substantial government support for renewable energy and its existing free-trade agreement with China, but would consider a second facility in the USA later down the line. The polysilicon facility in Grundartangi is expected to create 450 high-paying manufacturing jobs. It will have an initial annual production capacity of 16,000 tonnes, with plans to increase that to 19,000 tonnes within a few months of operation. The facility will likely take two years to and one additional year for full.

Silicor Materials Announces the Signing of Contract with MT Hoejgaard

Silicor Materials announced the signing of a contract with MT Hoejgaard, for the design and construction of Silicor's commercial-scale plant in Grundartangi, Iceland. The companies have worked together for more than a year to optimize the design of the 121,000 square-meter production facility, which will supply photovoltaic (PV) cell and module manufacturers around the world with at least 16,000 metric tons of solar silicon each year. Under the terms of the agreement, worth more than USD 226.5 million, MT Hoejgaard is responsible for various aspects of plant construction, as well as any design, planning and consulting support required throughout the process.

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