Slurry recycler nails down $53M in financing

October 18, 2007 – SiC Processing AG has secured $53M in funding from Europe’s zouk ventures and a host of investment firms (Merrill Lynch Corporate Principal Investments Group, CC Private Equity Partners, Masdar Clean Tech Fund, and Foursome Investments), to fund international expansion of its used slurry recycling business.

The German-based firm, established in 2000 with production sites in Europe (Germany, Norway, and Italy), China, and the US, recovers and recycles used slurry from the solar and semiconductor wafer industries, e.g., silicon carbide and polyethylene glycol used in wafer cutting. The company also offers “logistical solutions” for storing and transporting used and ready-to-use slurries.

“We are busy putting expansion plans against long-term customer contracts and this financing round will clearly support our efforts,” said company CEO Thomas Heckmann, in a statement.


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