GT Solar Signs Polysilicon Reactor Contract With Chinese Company
Merrimack, NH, USA, June 11, 2007
Source: GT Solar, press release
http://www.gtsolar.com/news/shownews.php?id=135
GT Solar Incorporated, a global leader in photovoltaic (PV) technologies and equipment, announced today it has signed a $39.5 million contract to sell polysilicon reactors and converters to the Chinese company, Jiangsu Shunda Electronic Materials and Technology.
GT Solar’s reactors and silicon tetrachloride converters will be installed at Shunda’s facility near Nanjing, China, which will allow Shunda to produce silicon feedstock for PV cells.
GT’s Vice President for Polysilicon, David Keck, said: “We are pleased to be working with Shunda. We expect they will become a major producer of polysilicon in support of their PV wafer business.” Shunda’s President, Ni Yunda, said: “GT Solar has the expertise to provide the equipment for the production of ultra-pure polysilicon. Their support is a key part of our production plans.
About Shunda Solar
Jiangsu Shunda Electronic Materials and Technology Company is a wholly owned subsidiary of Jiangsu Shunda Group Corporation located in Yangzhou, Jiangsu Province. Shunda Group is a leading high-technology enterprise focusing on the PV market. The company’s rapid expansion in recent years has enabled it to produce single crystalline ingots, wafers, photovoltaic cells as well as photovoltaic modules. Shunda’s recent investment of $2.3 billion RMB has resulted in setting their target to produce their own polysilicon in the near future, and to become a major player in the photovoltaic market. For more information, go to www.shundasolar.com.
About GT Solar
GT Solar Incorporated is a leading global provider of essential technology, equipment and turnkey manufacturing solutions across the photovoltaic supply chain. Based in Merrimack, NH (USA), the company’s products include equipment used to produce multicrystalline solar wafers, cells, modules. GT Solar also manufactures polysilicon reactors, which allow its customers to produce the polysilicon from which solar wafers are made. For more information, go to www.gtsolar.com.