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Annual Report 2008 - AMG Advanced Metallurgical Group NV

Annual Report 2008 - AMG Advanced Metallurgical Group NV

Operational Highlights

Operational Highlights Advanced Materials • Expanded coating materials line of products for thin film solar applications • Achieved record ferrovanadium production and secured long term contract for supply of spent refinery catalysts to support vanadium expansion project • Substantially completed expansion of tantalum mining production in Brazil and associated hydroelectric power plant Timminco (Majority-owned public subsidiary) • Shipped 1,045 mt of upgraded metallurgical solar silicon (UMSi), up from 89 mt in 2007 • Completed construction of first solar silicon facility in Bécancour, Canada and added three additional production lines by year-end 6 Operational Highlights

New innovative technologies are created by developing new furnace designs and through the learning process of furnace operators. The intensive dialogue between operators and engineers provides a unique source of learning and innovation. Engineering Systems • Increased in-house production of DSS furnaces from four in 2007 to 200 in 2008 and continued expansion of Berlin facility • Completed the fourth heat treatment services facility on-time and on-budget • Acquired full ownership of FNAG joint venture for the development and engineering of nuclear process technologies Graphit Kropfmühl (Majority-owned public subsidiary) • Completed first phase of expansion of silicon metal operations • Restructured the graphite business, moving operation to lower cost production sites in the Czech Republic Operational Highlights 7

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