Solar in Canada

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Post/wire say Timminco shares leap on contract win

2007-12-21 06:36 MT - In the News

The Financial Post reports in a Reuters dispatch Friday that Timminco shares jumped to a record high Thursday. The unbylined item says the jump came after the specialty metals producer announced a contract win and the start of production at its solar silicon-producing unit at Becancour, Que. Timminco, which is 50.6 per cent owned by Dutch company Advanced Metallurgical Group, said on Wednesday its Becancour Silicon subsidiary has agreed to supply about 4,400 tonnes of solar-grade silicon over five years to an unnamed solar-cell maker. Separately, the company said it had started production on the first line at its Becancour facility, where two more lines are under construction. As part of the latest contract, the company will add further capacity. The shares closed up $2.95 Thursday at $18.53 on the Toronto Stock Exchange.