Schott Searches for a partner for the Concentrated Solar Power division

schott concentrated solar power

With respect to the “Concentrated Solar Power” (CSP) division, Dr. Heinricht described the market conditions as difficult. With its receivers, SCHOTT supplies the core element for use in this technology for generating power by way of solar thermal parabolic trough power plants. “Our goal is to enter into a strategic partnership in this field. In fact, we are even willing to consider selling the majority of our shares,” Dr. Heinricht explained in reference to the company’s plans for the future. In this respect, CSP was accounted for as a “Result of discontinued operations” in the profit and loss statement and financially reclassified to “held for sale.” The previous year was also adjusted accordingly.

SCHOTT is an international technology group with more than 130 years of experience in the areas of specialty glasses and materials and advanced technologies. SCHOTT ranks number one in the world with many of its products. Its core markets are the household appliance, pharmaceutical, electronics, optics and transportation industries. The company is strongly committed to contributing to its customers’ success and making SCHOTT an important part of people’s lives with high-quality products and intelligent solutions. SCHOTT is committed to managing its business in a sustainable manner and supporting its employees, society and the environment. The SCHOTT Group maintains close proximity to its customers with manufacturing and sales units in 35 countries. Its workforce of 15,400 employees generated worldwide sales of 1.84 billion euros for the 2012/2013 fiscal year.

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