This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

GT's ASF(tm) Sapphire Growth Furnace Utilized The Production-proven Heat Exchanger Method (HEM) For Producing High Quality Boules And Cores Suitable For The LED Industry And Other Industries Requiring High Quality Material. (Photo: Business Wire)

GT Advanced Technologies Inc., (NASDAQ: GTAT), today announced that OCI Company, Ltd., its long-time South Korea-based PV and now also a sapphire equipment customer, has begun production of sapphire boules and cores in its new manufacturing facility. The company has completed the initial installation of GT’s ASF™ sapphire growth furnaces that were purchased in January 2011. In a ceremony on March 2 to commemorate its new sapphire production facility, OCI mentioned it has begun the shipment of 6-inch sapphire cores as well as 2-inch and 4-inch products to top manufacturers located in Taiwan and Korea. The new eco-friendly plant has an annual production capacity of 4 million millimeters of sapphire.

GT's ASF(tm) sapphire growth furnace utilized the production-proven heat exchanger method (HEM) for  ...

GT's ASF(tm) sapphire growth furnace utilized the production-proven heat exchanger method (HEM) for producing high quality boules and cores suitable for the LED industry and other industries requiring high quality material. (Photo: Business Wire)

A recent article in The Korean Times reported that with technological help from GT’s service installation team, OCI has already started exporting various sized sapphire cores to its customers. The article went on to say that GT’s ASF furnaces, which use the heat exchanger method (HEM) growth process, incorporate a cost-effective sapphire crystallization methodology for the high yield production of quality material. See link to full article.

“Starting up a new sapphire production facility takes tremendous planning and coordination to ensure a successful launch,” said Cheryl Diuguid, GT Advanced Technologies’ vice president and general manager of its Sapphire Equipment and Materials Group. “I am proud of the effort of our service and installation team who worked closely with OCI’s production and engineering team throughout the entire process to deliver a state-of-the-art sapphire production facility that is now producing high quality material.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs