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April 25, 2006
QCells Annual Report
Q-Cells AG (Xetra) in Thalheim (Germany) became the world's second largest producer of solar cells in 2005 with a 9% market share. The company has continued growing in 2006, with production increasing by 80% over 2005 in the first quarter to 53.7 MWp (Q1 2005: 29.9 MWp). Anton Milner, CEO of Q-Cells, said upon publication of the quarterly figures, A secure supply of silicon, fast-growing demand on the world markets and continuous advancement of our technology and production processes will enable very good performance in 2006. The company at present expects to increase production to approximately 255 MWp, leading to sales of approximately €480 million. After completing production line IV, Q-Cells AG will create additional production capacities by expanding and optimizing lines I-IV. This should increase production capacity to 336 MWp by the end of 2006. For 2007, actual production should increase from 255 MWp to 316 MWp. This expansion of production capacities is made possible by a contracted and...Posted by dymaxion at April 25, 2006 03:24 PM