has been a pioneer in the design and development of silicon wafer technologies for over 50 years.
This comprehensive analysis of MEMC
Electronic Materials, includes an overview of the industry the company operates in and then moves on to analyzing the company itself.
As part of the settlement agreements, MEMC
will acquire the Evonik TCS production plant, which is located on MEMC
s Merano site.
In exchange for MEMC
's agreement to terminate the supply agreement, Suntech has agreed to pay MEMC
$120 million, through the retention by MEMC
of $53 million of cash deposited previously by Suntech under the supply agreement and currently held by MEMC
, and a $67 million irrevocable letter of credit established by Suntech for the benefit of MEMC
, to be drawn upon in four equal installments on July 8, 2011, October 1, 2011, January 1, 2012 and April 1, 2012.
When the shareholding change-hand is completed by the end of this month, MEMC
will turn up the heat against Taiwan's polycrystalline-wafer makers including Sino American Silicon Products Inc.
is headquartered in Brussels and with local offices throughout the Middle East and Turkey, offering easy and rapid access to the best management development solutions.
As part of the agreement, Gintech will advance funds to MEMC
in the form of an interest-free loan or security deposit, which will be used by MEMC
for expansion of MEMC
's manufacturing capacity.
One of the key drivers of growth and competitiveness in the solar industry will be the aggregation of significant amounts of capital to finance and acquire solar projects," said Ahmad Chatila, President and Chief Executive Officer of MEMC
is a global leader in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries.
Zwirn adds further depth and focused experience to the MEMC
Board of Directors," said Manny Hernandez, Chairman of MEMC
's Board of Directors.
SunEdison is a subsidiary of MEMC
I will miss the employees, the customers and the shareholders, but I am sure they will be in good hands as MEMC
proceeds to its next phase," concluded Gareeb.