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LDK Solar to supply 750MW of multicrystalline wafers to Sumitomo
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Sumitomo Corporation has signed a long-term wafer supply deal with LDK Solar. Under terms of the agreement, LDK Solar will deliver approximately 750MW of multicrystalline silicon wafers to Sumitomo over an eight-year period. The deal starts in 2009 and extends through 2016.
"We are excited to announce this agreement with Sumitomo to supply high- quality wafers to Japan's leading manufacturer of solar modules," Xiaofeng Peng, Chairman and CEO of LDK Solar. "For LDK Solar, this supply contract with another industry leader, signifies another step towards our goal of becoming the leading supplier of wafers worldwide."
Sumitomo will make an advanced payment representing a portion of the contract value to LDK Solar.
