LDK Solar Signs Eight-Year Wafer Supply Agreement With Sumitomo Corporation
Xinyu City, China and Sunnyvale, CA, Sept 05, 2008
Source: LDK Solar Co. Ltd press release
http://www.ldksolar.com/Press%20Release.html
LDK Solar Co., Ltd, a leading manufacturer of solar wafers, announced today that it has signed an eight-year contract with Japan- based Sumitomo Corporation (“SC”), one of the leading trading and investment houses in Japan to supply multicrystalline solar wafers to a leading manufacturer of solar cells and modules in Japan. Under terms of the agreement, LDK Solar will deliver approximately 750 MW of multicrystalline silicon wafers to Sumitomo over an eight-year period, commencing in 2009 and extending through 2016. Sumitomo will make an advanced payment representing a portion of the contract value to LDK Solar. (more…)