As the PV industry is booming, shortage on raw material, poly, for other kinds of silicon manufacture kicks in. The result is soaring poly prices, which hit particularly hard in 2005. New commercial terms apply in the market place, and Topsil signs its first long term poly contract, stipulating fixed prices and minimum/maximum quantities. The contract are balanced by long term contracts with a number of major customers.
The world economy is booming in the mid-2000s onwards and the green agenda gains a foothold among political decision-makers across the globe. Driven by a growing demand for energy efficient power grids, build-up of infrastructure, green energy and energy maximising solutions, the market for power components based on float zone silicon gains momentum and Topsil's business is growing considerably.
In 2008, Topsil makes a strategic decision to acquire Polish based Cemat Silicon S.A. (Now: Topsil S.A.). Cemat is specialised in the manufacture of Czochralski silicon and has own in-house wafering facilities. Following the acquisition, Topsil once again gains access to Czochralski silicon technology, targeting the lower voltage levels on the power market, and is hence able to expand its product offering. Topsil, furthermore, gains access to its own wafering facilities enabling in-house manufacture of certain product specifications, and the possibility to develop poly for float zone out of Czochralski silicon, should this become necessary.