REC Silicon reports on 3rd quarter

OSLO, Norway — REC Silicon announced the results of their third quarter of the fiscal year on Nov. 15. The company, which has a large re-opening and expanding facility in Moses Lake, is reporting revenues of $34.8 million in its third quarter compared to $36.7 million in the second. “We are focused on improving our underlying operational position despite the continuing weakness in the semiconductor segment and solar PV market. Our underlying EBITDA from our semiconductor materials has improved markedly compared to the same quarter last year when the industry entered the slump. We are poised well to benefit once the market recovers,” said REC CEO Kurt Levens. The company reported that silicon gas sales volumes for the third quarter were 754 million tons compared with 849 metric tonnes during the second quarter. The total polysilicon sales volumes for the third quarter were 199 MT.