Monday, July 13, 2009

Praxair Electronics Invests in Solar Target Capability

DANBURY, Conn.--(BUSINESS WIRE)--Praxair Electronics, a division of Praxair, Inc. (NYSE: PX), has made investments totaling $15 million during the past year in order to increase production capacity of tubular targets as part of its commitment to serve the photovoltaic PVD market.

The investments have come in several forms, including a recent acquisition of Senvac Thin Film Technologies in Frankfurt, Germany, a company which specializes in the bonding of tubular targets; automation of the tubular bonding process in Frankfurt; and an advanced ceramic development and pilot facility in Tonawanda N.Y. for development of AZO tubes.

“We are using our experience and expertise in the semiconductor market as a foundation for growth in PV target markets,” said David P. Strauss managing director of Praxair Electronics’ deposition materials business. “Our focus will be to provide advanced PVD products which deliver cost-of-ownership advantages.”

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