TAIWAN: DelSolar Co. Ltd recently announced that it has signed a long-term silicon wafer supply contract with GCL (Nanjing) Solar Energy Technology Co. Ltd, a wholly-owned subsidiary of GCL-Poly Energy Holdings Ltd to establish a long-term strategic alliance. GCL-Poly is one of the world’s leading silicon materials suppliers.
According to the contract, GCL-Poly will provide local supplies of wafers to meet the needs of DelSolar’s Wujiang plant’s expansion from May 2010 to December 2013. The agreement includes a mechanism by which the parties may adjust prices to better reflect prevailing market conditions. DelSolar expects the agreement to greatly enhance overall operational needs and profitability.
R.C. Liang, chairman and CEO of DelSolar, said: "One of DelSolar’s goals is to enhance our economies of scale. Our production capacity is currently expected to reach 1GW by 2012. DelSolar is pleased to have entered into the supply agreement with GCL-Poly, a leading manufacturer and supplier of solar raw materials, and to form a long-standing strategic partnership. DelSolar is striving to become a leading manufacturer of solar products and to fulfill our mission of caring for the environment, energy-saving, and our green Earth."
Zhu Gong Shan, executive director, chairman and CEO of GCL-Poly, added: “We are delighted to enter into a silicon wafer supply agreement and establish a long-standing strategic partnership with DelSolar, a leading solar company in Taiwan. This contract signifies GCL-Poly’s expansion into the overseas wafer industry and also demonstrates the endorsement and recognition of GCL-Poly’s silicon wafer products by industry players. I believe this agreement will bring more business opportunities and closer co-operation for both companies going forward."
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