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Silicor Materials and AMTS Close $8.9M USD Project Management Contract

Published on 15 Aug 2016
Silicor Materials 
Silicor Materials, Inc. today announced the signing of a contract with AM Technical Solutions (AMTS) for the project management of Silicor's first commercial-scale plant in Grundartangi, Iceland. The project is expected to break ground before the end of 2016 and be fully operational by 2019.

The companies will work together over the next 36 months to complete the 121,000 square-meter production facility, which will supply photovoltaic (PV) cell and module manufacturers around the world with at least 19,000 metric tons of solar silicon each year. Under the terms of the agreement, worth more than $8.9M USD, AMTS is responsible for overseeing and executing the project's strict timeline and controlling the budget throughout the construction process.

"We pride ourselves on our ability to bring projects to completion under budget and in a timely fashion – and look forward to doing so with Silicor Materials' first commercial-scale facility," said Sandeep Davé, Chief Business Officer of AMTS. "AMTS' goal is to deliver excellent results for Silicor at impressive scale, recognizing that this facility will place Silicor among the world's top six solar silicon producers by volume."

"With over 20 years of experience in the high tech building and project management space, AMTS is uniquely qualified to bring Silicor's first commercial-scale facility to life in an ambitious timeframe," said Terry Jester, CEO of Silicor Materials. "AMTS will help Silicor make a huge impact on renewable energy. Once we are running at full capacity, Silicor's flagship facility in Grundartangi will produce enough silicon annually to make solar panels for 800,000 homes."

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