news digest ♦ Equipment and Materials
30th, 2013, down €1.2 million compared with December 2012. Cash flow from operations was unable to cover the investments and innovation drive during the first half of the year, as well as the payment of dividends for 2012. Riber remains free of debt.
2013 OUTLOOK
At the end of August 2013, the order book represented €13.5 million as compared to €12.1 million at the end of 2012, with 13 research systems to be delivered, mostly in 2013.
Operating expenses were stable but consolidated net income showed a loss of €2.0 million, as compared to a loss of 1.0 million on June 30th, 2012. The strong seasonality of production plan (focused in 2013 at the end of the year) has an adverse effect on half-yearly earnings
In the first half of 2013, the firm concentrated its business on R&D markets. Marked by the slowdown in demand from industrial customers, revenues totalled €7.8 million for the first half of 2013.
During the first half of the year, five MBE machines were delivered, compared with six one year previously (including a production machine).
Sales of services and accessories were up 14 percent, driven by the sales action plan rolled out since 2012. They reflect the development of sales to research laboratories, offsetting the slowdown in supplies of services to industrial customers.
The evaporation sources and cells business were affected by the current lack of investments in the production of OLED flat screens or thin-film solar cells. Nevertheless, Riber is maintaining a major research effort on these high potential markets.
In view of the program for deliveries between now and the end of the year, 2013 revenues are expected to reach €24 to 26 million for 2013, enabling Riber to record a profit over the full year.
To further strengthen its commercial positions in Asia, Riber opened a subsidiary in South Korea at the start of September 2013. A representation office in China was set up in 2009.
Praxair China opens Global Technology Centre in Shanghai
The new Praxair China Technology Centre is a state-of- the-art facility for applications engineers and Research and Development
Praxair China Investment Company, a subsidiary of Praxair, Inc. has announced the opening of its state- of-the-art Global Technology Centre in Shanghai, supporting the company’s development and implementation of innovative applications technologies.
Praxair supplies gases such as nitrogen, hydrogen, arsine, phosphine, silane and ammonia used in III-V and III-nitride MOCVD growth.
The Praxair China Technology Centre is located in the Jinqiao Development Zone of Pudong New Area.
The centre houses laboratories, including pilot and demonstration facilities, to support a growing team of Praxair engineers and scientists who work with customers in China in the steel, combustion, metal fabrication, metals and materials processing, pharmaceuticals, water treatment and electronics segments.
The company currently has a capital of €3,091,349. The cash position represented €4.1 million on June
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www.compoundsemiconductor.net October 2013
“The new Praxair China Technology Center is a state- of-the-art facility for our applications engineers and R&D organisation,” says Minda Ho, president of Praxair China.
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