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Hoku signs 10-year polysilicon supply deal with Suntech for $678 million
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Hoku Materials, a wholly-owned subsidiary of Hoku Scientific, has
signed its second long-term polysilicon material contract this year,
this time with Suntech Power Holdings, and is worth approximately $678
million over a 10-year supply deal.
Hoku is in the process of building a $260 million plant capable of
producing 2,000 metric tons of polysilicon per year in Pocatello,
Idaho, which remains on track for shipments starting in 2009, according
to the company.In January, Hoku signed a long-term contract with Sanyo, also for polysilicon supply for photovoltaic applications.
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