As a global equipment manufacturer with polysilicon ingot furnaces, GT Solar acquired sapphire producer Crystal Systems in July 2010 and entered the field of sapphire crystal growth furnaces.
On August 10, 2011, the company announced that it has changed its name from GT Solar to GT Advanced Technologies Inc. (hereinafter referred to as GT).
Tom Gutierrez, President and CEO of GT Advanced Technologies, said: "The transition from GT Solar to GT Advanced Technologies reflects our broader strategic market focus. We are expanding from the traditional solar industry to high growth markets such as the LED industry. It will also continue to look for opportunities to expand into other connected markets that must be able to leverage our core competencies in crystal growth technology and the practical application of equipment that will enable growth in new industries."
According to the high-tech LED reporter, the current sapphire business (including sales of sapphire materials and sales of ASF equipment) has become the main business of GT. As of June 2011, more than 40% of all undelivered orders of GT (about 952 million US dollars) ) for the sapphire business. Of these, more than $944 million is for ASF equipment. The company expects that the sapphire business will account for around 28% of revenue in fiscal year 2012 (April 2011 to March 2012).
However, behind the crazy orders, it has provoked the suspicion of the industry.
During the 2011 High-Tech LED Boutique Exhibition, Paul Matthews, Product Manager of GT ASF Sapphire Crystal Growth Furnace Equipment, and Yao Yunning, Marketing Director of Asia, accepted an exclusive interview with Gao Gong LED reporter. In the words of Yao Yunning: "GT company's ambitious sapphire crystal furnace will replicate the success of polysilicon ingot furnaces."
Order soaring
According to Yao Yunning, GT initially had two business divisions: polysilicon material division (Siemens reduction furnace and related equipment technology), photovoltaic division (polycrystalline ingot furnace and related supporting business). Since the completion of the acquisition of Crystal Systems in October 2010, GT has entered the sapphire field, offering sapphire crystal furnaces and sapphire materials, and established the sapphire division.
I have to mention Crystal Systems here. This company originally had its own sapphire material production plant in the US. It has been producing sapphire materials for the LED industry for more than 10 years. Six of the world's top 10 major LED epitaxial chip production plants are used. Crystal Systems' sapphire material.
After the acquisition of Crystal Systems, GT has transformed its business to provide sapphire crystal growth furnaces to LED customers worldwide. But still maintain its original sapphire crystal rod business, which currently has an annual production capacity of about 6 million 2 inch sapphire substrates.
Yao Yunning stressed that the sapphire crystal rod is not the core business of GT. It is estimated that the sales of sapphire crystal rods in fiscal year 2012 will be about 70 million to 90 million US dollars, accounting for only 8% of the orders of nearly 1 billion US dollars for sapphire crystal growth furnaces.
After the successful transformation into the field of sapphire crystal growth furnace, GT company can be described as a hit. According to market statistics of the High-tech LED Industry Research Institute (GLII), as of June 2011, GT's orders for sapphire crystal growth furnaces reached $939.6 million, of which orders from customers in mainland China exceeded $760 million, meaning more than 80% of orders come from customers in mainland China.
GT sapphire crystal furnace order:
Faced with these orders, Yao Yunning said: "At present, from the market share of orders, GT is in a monopoly position in the sapphire crystal growth furnace. In the next two or three years, there will be no company that can challenge the status of GT in the sapphire crystal growth furnace. ."
On August 10, 2011, the company announced that it has changed its name from GT Solar to GT Advanced Technologies Inc. (hereinafter referred to as GT).
Tom Gutierrez, President and CEO of GT Advanced Technologies, said: "The transition from GT Solar to GT Advanced Technologies reflects our broader strategic market focus. We are expanding from the traditional solar industry to high growth markets such as the LED industry. It will also continue to look for opportunities to expand into other connected markets that must be able to leverage our core competencies in crystal growth technology and the practical application of equipment that will enable growth in new industries."
According to the high-tech LED reporter, the current sapphire business (including sales of sapphire materials and sales of ASF equipment) has become the main business of GT. As of June 2011, more than 40% of all undelivered orders of GT (about 952 million US dollars) ) for the sapphire business. Of these, more than $944 million is for ASF equipment. The company expects that the sapphire business will account for around 28% of revenue in fiscal year 2012 (April 2011 to March 2012).
However, behind the crazy orders, it has provoked the suspicion of the industry.
During the 2011 High-Tech LED Boutique Exhibition, Paul Matthews, Product Manager of GT ASF Sapphire Crystal Growth Furnace Equipment, and Yao Yunning, Marketing Director of Asia, accepted an exclusive interview with Gao Gong LED reporter. In the words of Yao Yunning: "GT company's ambitious sapphire crystal furnace will replicate the success of polysilicon ingot furnaces."
Order soaring
According to Yao Yunning, GT initially had two business divisions: polysilicon material division (Siemens reduction furnace and related equipment technology), photovoltaic division (polycrystalline ingot furnace and related supporting business). Since the completion of the acquisition of Crystal Systems in October 2010, GT has entered the sapphire field, offering sapphire crystal furnaces and sapphire materials, and established the sapphire division.
I have to mention Crystal Systems here. This company originally had its own sapphire material production plant in the US. It has been producing sapphire materials for the LED industry for more than 10 years. Six of the world's top 10 major LED epitaxial chip production plants are used. Crystal Systems' sapphire material.
After the acquisition of Crystal Systems, GT has transformed its business to provide sapphire crystal growth furnaces to LED customers worldwide. But still maintain its original sapphire crystal rod business, which currently has an annual production capacity of about 6 million 2 inch sapphire substrates.
Yao Yunning stressed that the sapphire crystal rod is not the core business of GT. It is estimated that the sales of sapphire crystal rods in fiscal year 2012 will be about 70 million to 90 million US dollars, accounting for only 8% of the orders of nearly 1 billion US dollars for sapphire crystal growth furnaces.
After the successful transformation into the field of sapphire crystal growth furnace, GT company can be described as a hit. According to market statistics of the High-tech LED Industry Research Institute (GLII), as of June 2011, GT's orders for sapphire crystal growth furnaces reached $939.6 million, of which orders from customers in mainland China exceeded $760 million, meaning more than 80% of orders come from customers in mainland China.
GT sapphire crystal furnace order:
| time | Order amount | client |
| December 2, 2010 | $84 million | Jiangsu Jixing New Material Co., Ltd. and Jiujiang Saiyu Technology Co., Ltd. |
| January 21, 2011 | $33.3 million | Korea OCI Company, Ltd |
| February 28, 2011 | 41.6 million US dollars | Asian customers, the specific name has not been disclosed |
| April 28, 2011 | $21.89 billion | Guizhou Haotian Photoelectric Technology Co., Ltd. |
| May 11, 2011 | $91 million | Xinjing Diamond Technology Co., Ltd., Zhaojing Technology Co., Ltd., China Lingyang Group |
| June 7, 2011 | $460.4 million | A new Chinese company entering the LED industry, the name was not disclosed |
Faced with these orders, Yao Yunning said: "At present, from the market share of orders, GT is in a monopoly position in the sapphire crystal growth furnace. In the next two or three years, there will be no company that can challenge the status of GT in the sapphire crystal growth furnace. ."
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