May 14, 2008

Valasske Mezirici, Czech Republic: Schott Solar Expands Module Manufacturing Facility

SCHOTT Solar officially opened today its expanded module production facilities in Valasske Mezirici, including new production lines with modern logistics, with more than 230 honorary guests in attendance.

The expansion project, which began in July 2007, required an investment of approx. 50 million euros. By the end of the year, the annual production capacity is expected to more than quadruple to 200 megawatts.

On some 20,000 square meters, SCHOTT Solar will now manufacture solar modules for the entire European market in the Czech Republic.

SCHOTT Solar started to produce modules in Valasske Mezirici about three years ago. Just one year after the investment was approved and in less than eight months after the cornerstone was laid, the factory in the northeast of the Czech Republic went into operation with a production capacity of more than 40 megawatts per year in June 2005 - a pioneering investment in a future-oriented technology, for which SCHOTT Solar received an award from Czech Invest, an investment promotion agency.

With the completion of the second construction phase as expected at the end of 2008, the number of employees in the state-of-the-art production facilities will increase by about 400. According to current plans, SCHOTT Solar will produce more than one million solar modules a year on five production lines in this facility.

After the opening of the European Union to the east, Valasske Mezirici, which is a traditional center for the Czech glass and chemical industry and continues to develop as a solar city with the help of SCHOTT Solar, is a strategically important location. The workforce has the experts to offer that the industry requires; the infrastructure is exemplary. And thanks to an early feed-in tariff law, the Czech Republic is one of the leaders of the new EU states in the renewable energies.

SCHOTT Solar also profits from the saving potential and synergy effects at a single location: three business units of the SCHOTT Group also have production facilities in Valasske Mezirici, in which such products as flat glass and fiber-optic components are produced.

Prof. Dr.-Ing. Udo Ungeheuer, chairman of the SCHOTT AG Management Board said at the opening: "In the future, Valasske Mezirici will play a greater role than ever in our strategy to cover the entire value-added chain of producing wafers - in cooperation with our WACKER SCHOTT Solar joint venture - as well as cells and modules in our own production facilities."

Dr. Martin Heming, member of the Corporate Management Committee and Managing Director of SCHOTT Solar GmbH, continued: "The ease with which we have set up our Czech production facilities and the increasing demand for solar modules internationally are arguments that speak in favor of our expansion in Valasske Mezirici. Here we find good prerequisites to produce high-quality products under competitive conditions."

Further details about: Schott Solar