Centrotherm International AG (FRA:CTNK) is to develop new innovative production solutions using proceeds from the sale of its subsidiary FHR Anlagenbau GmbH.<br /> The German company, which supplies manufacturing equipment to the photovoltaic (PV) and semiconductor sectors, on Thursday said it had signed an agreement to offload 100% of its subsidiary to China-based Vital Materials Co Limited for an undisclosed amount.