News on insolvency

News on suppliers, market trends and technology innovations in polysilicon and wafer production is selected, assessed and written for you by Bernreuter Research.

Factory building of Norwegian Crystals ASA in Glomfjord, Norway

Insolvency of Norwegian Crystals is a blow to PV supply in EU

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The bankruptcy of monocrystalline silicon ingot manufacturer Norwegian Crystals is bad news for rebuilding the supply chain of the PV industry in Europe.

Hankook Silicon’s polysilicon plant in Yeosu, South Jeolla Province, South Korea

Korean polysilicon producer Hankook Silicon close to bankruptcy

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On June 10, a court in Seoul decided to terminate the rehabilitation proceedings for Hankook Silicon after two attempts to sell the Korean polysilicon manufacturer failed.

Factory of Solarworld in Arnstadt, Thuringia

Solarworld files for insolvency for the second time in ten months

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Only seven and a half months after emerging from insolvency proceedings in August 2017, German PV module producer Solarworld Industries GmbH has filed for insolvency again.

SolarWorld’s CEO Frank Asbeck (left) and CFO Philipp Koecke

Hemlock Semiconductor outside SolarWorld’s creditors’ meeting

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Although a U.S. court has affirmed Hemlock Semiconductor’s claim of nearly $800 million against a subsidiary of insolvent SolarWorld, Hemlock has not been admitted for voting at the creditors’ meeting.

Court building of the Tribunale di Bolzano (Italy)

Bankrupt Solland Silicon (formerly MEMC Merano) up for auction

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The Court of Bolzano (Italy) has announced that it intends to sell the property of bankrupt Solland Silicon Srl in a single batch at an auction in Bolzano on May 25, 2017.

Workers at SolarWorld Industries Sachsen handling silicon bricks

Hemlock customer SolarWorld Industries Sachsen also insolvent

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SolarWorld Industries Sachsen GmbH (formerly Deutsche Solar GmbH), a wholly owned subsidiary of SolarWorld AG and customer of polysilicon manufacturer Hemlock Semiconductor, has filed for insolvency proceedings.

Factory of SolarWorld in Arnstadt, Thuringia

SolarWorld files for insolvency proceedings

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German integrated solar module producer SolarWorld AG has announced that it will file for insolvency proceedings, due to over-indebtedness.