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November 25, 2015 9:24 AM ET


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. 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 Francisco, California with manufacturing facilities in Vaughan, Canada; and Mississippi. It also has a research and development center in Berlin, Germany.

1 Embarcadero Center

Suite 500

San Francisco, CA 94111

United States

Founded in 2006





Key Executives for Silicor Materials, Inc.

Chairman and Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Senior Vice President of Finance
Compensation as of Fiscal Year 2015.

Silicor Materials, Inc. Key Developments

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.

Silicor Materials Secure Equipment Contract with SMS Siemag

Silicor Materials, Inc. announced the signing of a multi-million dollar equipment contract with SMS Siemag for Silicor’s commercial-scale plant in Grundartangi, Iceland. The companies have worked together for more than four years to develop an efficient and highly automated plant with a throughput guarantee from SMS of 16,000 metric tons (MT). Silicor’s management plans to optimize the Iceland plant to achieve an additional 20% throughput. Under the terms of the agreement, SMS will supply all equipment and factory design services for the plant, including the associated engineering drawings and documents, supplies, technical and installation support necessary for the completion of the project. The Icelandic plant is expected to be the first in a series of facilities for which Silicor intends to contract with SMS.

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