EANS-News: centrotherm photovoltaics AG: New subsidiary in Shanghai coordinates activities in China

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Company Information

Blaubeuren (euro adhoc) - Blaubeuren, April 07, 2010 - centrotherm
photovoltaics AG is strengthening its presence in Asia with a new
subsidiary in Shanghai. At the formal inauguration ceremony,
representatives from the business and political arenas paid tribute
to the commitment of the internationally leading photovoltaics
specialist within the region. centrotherm photovoltaics generates
around 90 percent of its revenue abroad — and Asia accounts for the
largest share. China, the world's fastest-growing economy, has
meanwhile become one of the company's most important markets. With
its turnkey production lines, centrotherm photovoltaics enables its
customers to build up major production capacities within short
periods of time, thereby creating competitive advantages in the
high-growth Chinese photovoltaics sector. The Chinese government is
supporting the sector's growth with an extensive economic program
that is also defining quality standards for the first time. For
instance, only energy-efficient systems with silicon production
capacities of more than 3,000 tonnes per year will be permitted in
the future. The centrotherm photovoltaics product and services
portfolio helps Chinese producers meet these requirements.

"In establishing our new subsidiary in China, we have taken an
important step to accessing the potentials these markets offer us,"
commented Oliver M. Albrecht, Executive Director of the centrotherm
photovoltaics subsidiary in Shanghai, and CFO of centrotherm
photovoltaics AG. "Our aim is to ensure local presence in close
proximity to our customers, in order to offer optimal service. By
handling our replacement parts business through a free trade
warehouse, we and our customers are also benefiting from customs
reliefs and more rapid project processing."

With its selection of the location Pudong-JinQuiao in Shanghai,
centrotherm photovoltaics has also positioned itself in one of
China's most important business centers. Pudong-JinQuiao is regarded
as the new business and high-tech district of the multi-million
inhabitant city.

The Group is pushing ahead with its international expansion in line
with its strategy. Two further subsidiaries are about to be founded.
A subsidiary will soon go into operation in the growth market of
India, for example. The company´s plans also envisage founding a
centrotherm photovoltaics service and sales company in Qatar in 2010.
A future market for renewable energy sources is emerging on the
Arabian Peninsula, as governments in this region are striving to
reduce their dependency on mineral oil. The large-scale order for the
construction of a silicon factory that centrotherm photovoltaics'
"Silicon & Wafer" division has recently signed reflects these
developments.

About centrotherm photovoltaics AG centrotherm photovoltaics AG,
which is based at Blaubeuren, is one of the world's leading
technology and equipment providers for the photovoltaics sector. The
company equips well-known solar companies and new sector entrants
with turnkey production lines and single equipment to manufacture
silicon, crystalline solar cells and thin film modules. As a
consequence, the Group possesses a broad and well-founded
technological basis, as well as key equipment at practically all
steps of the photovoltaics value-creation chain. centrotherm
photovoltaics guarantees its customers important performance
parameters such as production capacity, efficiencies, and completion
deadlines. The Group employs around 1,100 staff members, and operates
in Europe, Asia and the USA. centrotherm photovoltaics achieved
revenue in the 2009 financial year of EUR 509.1 million, EBIT of EUR
37.2 million, and is listed in the TecDax of the Frankfurt Securities
Exchange.

Company contact:
Saskia Schultz-Ebert
Senior Manager Investor Relations
Tel: +49 7344 918-8890
E-mail: saskia.schultz-ebert@centrotherm.de

Press contact:
Britta Cirkel, Christina Siebels
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-58 /-56
E-mail: c.siebels@hoschke.de; b.cirkel@hoschke.de;

end of announcement euro adhoc
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ots Originaltext: centrotherm photovoltaics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Britta Cirkel

Tel.: +49-(0)40-369050-56

E-Mail: b.cirkel@hoschke.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Index: TecDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade