buhg1b
16 years ago
May 5, 2008
Oerlikon Gets Contract For Thin Film in China
Beijing, China [RenewableEnergyWorld.com]
Oerlikon Solar and Baoding Tianwei announced they have signed a contract for a turnkey thin-film solar module production line. The initial production capacity will be 46.5 megawatts (MW) per year.
"Our capabilities to enhance the efficiency of proven thin-film silicon solar modules result in a direct reduction of cost of ownership. This is a major advantage for our customers in gaining market share."
-- Jeannine Sargent, CEO, Oerlikon Solar
The deal includes all major thin-film solar module production equipment including metrology and testing facilities. In the coming months the machinery will be shipped, installed and commissioned by a team of Oerlikon Solar experts. The project site is located in Bao Ding.
"Our capabilities to enhance the efficiency of proven thin-film silicon solar modules result in a direct reduction of cost of ownership. This is a major advantage for our customers in gaining market share," said Jeannine Sargent, CEO of Oerlikon Solar.
http://www.renewableenergyworld.com/rea/news/story?id=52375
buhg1b
16 years ago
Renova denies plans to acquire Victory's Oerlikon stake
April 21, 2008: 07:37 AM EST
ZURICH, Apr. 21, 2008 (Thomson Financial delivered by Newstex) -- OC Oerlikon Corp (OOTC:OERLF) AG. shareholder Renova, owned by Russian investor Viktor Vekselberg, has denied it has plans to make a bid for major shareholder Victory Indstriebeteiligungs AG's stake in the Swiss technology group.
'This is not true. We have no such plans,' Renova spokesman Markus Blume told Thomson Financial News.
According to market rumours in London, Renova is planning to make a joint 450 Swiss francs per share bid together with a German industrialist family for Victory's stake of just below 50 percent.
Renova, holds a stake of about 25 percent.
On Friday, OC Oerlikon said it will submit a proposal at its AGM to abolish the so-called 'opting out' clause, which currently says a shareholder who purchases more than a third of its shares is not obliged to make a public takeover offer in compliance with the Swiss stock exchange regulations.
andrew.ge.thompson@thomsonreuters.com
http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-24647970.htm
buhg1b
16 years ago
ZURICH, Mar. 27, 2008 (Thomson Financial delivered by Newstex) -- OC Oerlikon Corp (OOTC:OERLF) AG reported a below forecast full year net profit of 319 mln sfr, up from 302 mln the year before, with the company citing a combination of organic sales growth and acquisitions such as the takeover of Swiss textile maker Saurer.
EBIT reached 496 mln sfr, after 430 mln last year.
While EBIT reached the lower end of the forecast range of 495-517 mln sfr, net profit fell short of analysts expectations of 323-366 mln sfr.
However, the Swiss technology group gave a positive outlook, saying it expects sales to exceed 6 bln sfr in 2008, while it sees a further increase in earnings.
'The year 2007 was the most successful year in Oerlikon's recent history... We have strengthened the operative basis of the group, providing the foundation for growth in sales and profit in 2008,' chief executive Uwe Krueger commented.
'The takeover of Saurer really proved to be a success in 2007,' said chairman Georg Stumpf.
In 2007, the group's sales reached 5.629 bln sfr, up 20 pct year-on-year, in line with forecasts of 5.543-5.742 bln sfr, or 5.668 bln sfr on average
New orders reached 6.041 bln sfr, up 16 pct on last year, while its order backlog stood at 1.841 bln sfr, up from 1.748 bln.
The group's operative cash flow during the period increased by 42 pct to 678 mln sfr.
Unit Oerlikon Textile set a new record, with sales rising to 2.719 bln sfr, up 27 pct on last year, helped by a boom in staple yarns in Asia.
Oerlikon Coating achieved excellent results reflecting continued rapid growth in the coating business as well as more than doubling the sales in solar, while its Balzers unit continued its regional expansion.
Oerlikon Solar increased sales to over 300 mln sfr, helped by first-time orders from Asia and the successful introduction of new technologies.
Segment Oerlikon Vacuum exceeded general market growth, with sales reaching 458 mln sfr, up 6 pct on last year.
It's Drive Systems unit posted a 17 pct growth to 1.1 bln sfr, benefiting particularly from great demand in agricultural and industrial sectors.
Oerlikon components recorded a 2.3 pct rise in sales to 344 mln sfr, thanks to new product launches at Oerlikon Esec and continued growth from Oerlikon Space.
andrew.ge.thompson@thomson.com
http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-24052791.htm
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