Rivals' Troubles Have Benefited Pure Wafer; 'SEMICONDUCTOR INDUSTRY HAS MOVED INTO GROWTH'
Byline: RHODRI EVANS
SEMICONDUCTOR company Pure Wafer has seen its business boosted as the Japanese tsunami hit key competitors.
While many manufacturers have suffered as a result of the impact of the tsunami on global supply chains, the Swansea-based business was one of the few to gain.
Shares in the Aim-listed company rose yesterday after it issued a positive trading statement revealing rising business volumes.
"The growth in the semiconductor market, as previously reported, continues, with investment in new 300mm chip manufacturing facilities announced by the leading foundries and other major chip manufacturers, some of which are due to come-on-line during 2011, giving further wafer reclaim opportunities," said the statement.
"Pure Wafer has also seen a benefit from the effect of the tsunami which hit Japan during February. Whilst damaging for Japan itself and our Japanese competitors, this has had a positive effect on volumes in our core wafer reclaim business.
"With the increased volume sales from both the tsunami effect and the newly won business, we have been able to quickly scale up our operations to meet the additional demand." The extra work caused by the impact of the tsunami was not the only positive news reported by the business yesterday.
It revealed that its solar panels business, which was established in March 2010, continued to grow with an expanding order book across the domestic, commercial and public works sectors.
"During August we have been notified that we have been awarded a contract for a local community housing scheme for roof-top solar PV systems which will commence in September with a potential total value of up to pounds 1m," said the company.
"Together with being shortlisted on two other major solar contracts in the public sector, this order will give Pure Wafer a solid foundation and track record in this developing market which we believe is set to become a very important and successful part of our business. …