Slurry recycling specialist, SiC Processing which is currently in receivership, has warned unsecured creditors to expect low debt recovery due to a preliminary, unaudited assessment of its assets.
The company said the valuation of the company had been impacted by the state of the sector and the impact the market conditions was having on its customer base.
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A recent assesment from market research firm, NPD Solarbuzz highlighted the dire market conditions in the wafering sector, which continues to be impacted by massive overcapacity and low utilization rates.
