REC Silicon ASA - Company Profile
Powered by 
All the data and insights you need on REC Silicon ASA in one report.
$295
- Save hours of research time and resources with
our up-to-date REC Silicon ASA Strategy Report
- Understand REC Silicon ASA position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
Related keylists
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.
Headquarters
Norway
Address
Fornebuveien 84, Po Box 63, Lysaker, 1324
Website
recsilicon.com
Telephone
47 67 574450
No of Employees
289
Industry
Alternative Energy
Ticker Symbol & Exchange
RECSI (OSL)
Revenue (2022)
$141.1M
-4.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
135.2%
(2022 vs 2021)
Market Cap*
$380.4M
Net Profit Margin (2022)
XYZ
136.9%
(2022 vs 2021)
* As of and is in US$
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 |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer