Third Quarter Production Exceeds 340 Metric Tons
AMSTERDAM, THE NETHERLANDS -- (Marketwire) -- 10/06/08 -- AMG Advanced Metallurgical Group
N.V. ("AMG") (EURONEXT AMSTERDAM: AMG) announced that its 50.4% subsidiary
Timminco Limited ("Timminco") (TSX: TIM) is providing an update on the
production and operations of its solar grade silicon product line for its
third quarter ended September 30, 2008.
For the third quarter, Timminco produced 342 metric tons (mt) of solar
grade silicon and shipped 300 mt, bringing 2008 year to date shipments of
solar grade silicon to more than 600 mt. Production and shipments
increased sequentially each month during the quarter, with September
production reaching a record monthly volume. The ramp up of production
continues and operational improvements are being implemented. All of the
material shipped during the quarter was within customer specification.
Timminco reiterates its guidance for shipments in 2008 in the range of
1,200 to 1,500 mt of solar grade silicon.
Timminco will provide additional details on the progress of its solar grade
silicon production when it releases third quarter results in November 2008.
About AMG
AMG, incorporated in the Netherlands, is a global leader in the production
of highly engineered specialty metal products and advanced vacuum furnace
systems. AMG serves growing industries worldwide with its unique
combination of metallurgical engineering expertise and production know-how.
AMG is a market leader in many of its products and systems, which are
critical to the production of key components for the aerospace, energy
(including solar and nuclear), electronics, optics, chemicals, construction
and transportation industries. AMG has two operating divisions of
businesses, Advanced Materials and Engineering Systems, and owns majority
interests in publicly-listed companies Timminco Limited (TSX: TIM) and
Graphit Kropfmühl AG (Deutsche Börse: GKR.DE).
The Advanced Materials Division develops and produces niche specialty
metals and complex metals products, many of which are used in demanding,
safety-critical, high-stress environments. AMG is one of a limited number
of significant producers globally of niche specialty metals, such as
ferrovanadium, ferronickel-molybdenum, aluminum master alloys and
additives, chromium metal and ferrotitanium, used by steel, aluminum,
chemical and superalloy producers for aerospace, automotive, energy,
electronics, optics, chemicals, construction and other applications. Other
key products produced by AMG include specialty alloys for titanium and
superalloys, coating materials, tantalum and niobium oxides, vanadium
chemicals and antimony trioxide.
The Engineering Systems Division designs, engineers and produces advanced
vacuum furnace systems and operates vacuum heat treatment facilities.
