GT Solar & Yingli Green Energy Sign $56M Silicon Furnace Contract
Merrimack, New Hampshire, Nov 27, 2007
Source: NDTV/ Business Wire India
http://www.ndtvprofit.com/homepage%5Cmonitor.asp?id=5317
GT Solar Incorporated (“GT Solar“), one of the largest providers of manufacturing equipment and turnkey manufacturing solutions to the photovoltaic (PV) industry, announced the signing of a $56 million contract with Yingli Green Energy Holding Company Limited (NYSE:YGE) (“Yingli“), a leading vertically integrated photovoltaic (PV) product manufacturer in China for the next generation of silicon ingot furnaces – the DSS450 by GT Solar. This is Yingli’s fourth and largest order of GT Solar’s DSS furnaces that grow multi-crystalline ingots up to 450kg, and is expected to bring Yingli’s installed furnace capacity to approximately 600MW in 2009.
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