5N Plus

5N Plus
Public
(TSX: VNP)
Industry Refining
Recycling
Founded Saint-Laurent, Quebec (2000)
Headquarters Saint-Laurent, Quebec, Canada
Area served
 Worldwide
Key people
 Dennis Wood
Chairman
Jacques L’Écuyer
Founder, President/CEO and Director
David Langlois
CFO
Marc Suys
Founder & Vice President
Nicholas Audet
Vice President
Jean Bernier
General Manager
Revenue Increase C$ 493.2 million (Fiscal 2011)
Number of employees
 138 (Fiscal 2009)
Website www.5nplus.com

5N Plus is a Canadian producer of high-purity metals and compounds for electronic applications best known as the major supplier of Cadmium Telluride (CdTe) to First Solar. 5N Plus is headquartered in Saint-Laurent, Quebec, Canada.

Overview

5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. It produces tellurium, cadmium, zinc and related compounds of 5N, 6N and 7N purity, as well as selenium, antimony and bismuth of 5N purity. Its products are critical precursors in a number of electronic applications, including the rapidly expanding thin-film photovoltaic market and to the radiation detector market.

5N Plus is an integrated producer with both primary and secondary refining capabilities. 5N Plus’ primary refining capabilities are such that it can treat very low-grade metal concentrates, and extract and refine the metals of interest so that they can be fed to its secondary refining operations, where 5N Plus attains a high level of purity. Its primary refining capabilities also enable it to treat complex feeds and very low-grade concentrates containing only small amounts of the metals of interest, and thus provide its customers with recycling solutions.

It sales have increased from $10.3 million for the fiscal year ended May 31, 2005 to $69.4 million for the fiscal year ended May 31, 2009, representing a compound annual growth rate of 61.1%. During this period, which was characterized by rapid growth and significant expansion of its production capacity, 5N Plus has been able to increase its profitability; its net income grew from $0.9 million to $20.9 million over the same period, representing a CAGR of 119.5%.[1]

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