Trina Solar Discontinues Development of Polysilicon Production Facility
Changzhou, China, April 14, 2008
Source: Trina Solar Ltd. press release
http://www.trinasolar.com/front/en/news.php?newid=59
Trina Solar Limited (NYSE: TSL – News; “Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced its decision to discontinue the development of its previously announced 10,000MT polysilicon production facility having a total estimated cost of $1 billion. The Company also announced that its related equipment supply contract with GT Solar Incorporated (“GT Solar”), which was subject to final approval by the Boards of both companies, will lapse as a result, with the concurrence of both parties. (more…)