REC Silicon ASA - Company Profile
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REC Silicon ASA (REC Silicon), formerly Renewable Energy Corporation ASA, is a producer of advanced silicon materials and delivers high-purity polysilicon and silicon gas. Its products find application in the solar and electronics industries in the production of solar panels and flat panel displays. REC Silicon caters its products to the solar and electronics industries. The company operates manufacturing facilities in Moses Lake, Washington and Butte, Montana in the US. REC Silicon has an operational presence in Asia-Pacific, Europe and North America. REC Silicon is headquartered in Lysaker, Norway.
REC Silicon ASA premium industry data and analytics
Products and Services
Products |
---|
Solar Grade Polysilicon: |
Form Factors & Packages |
NextSi Granular Polysilicon |
XYZ |
XYZ |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Divestiture | In December, the company sold its 15% stake in the Shaanxi NonFerrous Tian Hong REC Silicon Materials Co., Ltd joint venture. |
2023 | Contracts/Agreements | In June, the company signed an agreement for a US$30 million facility loan from Standard Chartered Bank in New York for the purpose of supporting the capital needs of the company. |
2023 | Contracts/Agreements | In January, REC Solar Grade Silicon LLC entered into a material agreement with Hanwha Solutions for a 10 year take-or pay offtake for FBR polysilicon produced at REC Silicon’s facility at Moses Lake, Washington. |
Competitor Comparison
Key Parameters | REC Silicon ASA | Air Liquide SA | GCL Technology Holdings Ltd | Daqo New Energy Corp | LDK Solar Co Ltd |
---|---|---|---|---|---|
Headquarters | Norway | France | Hong Kong | China | China |
City | Lysaker | Paris | Hong Kong | Shanghai | Xinyu |
State/Province | - | Ile-de-France | - | Shanghai | Jiangxi |
No. of Employees | 289 | 67,778 | 12,446 | 4,099 | 8,529 |
Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
William Kurtis Levens | Chief Executive Officer | Senior Management | 2022 | - |
Jeong Ryul Yun | Chief Financial Officer | Senior Management | 2022 | - |
Dylan Jung | Chief Strategy Officer | Senior Management | 2022 | - |
Tae Won Jun | Chairman | Executive Board | - | - |
James Bowen | General Counsel; Secretary | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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