In its interim management statement for the period from 1 July, the group says the photovoltaic market is benefiting from improving demand driven by incentive programmes in Japan and Germany but overcapacity continues and pricing remains under pressure.

Wafer shipments in the second half are expected to be significantly above those achieved in the first half.

Pricing is declining but the average price during the second half will be in the middle of the range anticipated at the interims.

Output continues to rise at the group's polysilicon production facility in Bitterfeld, Germany, and quality targets have been achieved.

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