Order Focus: Polysilicon Technology places US$47.7M order for reactors from GT Advanced Technologies

Financials

GT Advanced Technologies and Saudi Arabia-based Polysilicon Technology (PTC) have signed a US$47.7 million deal, which will see GT supply its SDR 400 reactors to PTC. The order will enhance GT’s polysilicon bookings to over US$500 million since the beginning of this fiscal year and will be included in GT’s backlog for its Q3 FY12.

The supply order is a continuation of a technology agreement that the two companies first signed in 2009. This is the first order GT has received for its reactors from a Saudi Arabia company and notes that this is currently the only active polysilicon production project in the Middle East.

The plant will be located in Jubail Industrial City, Kingdom of Saudi Arabia. The equipment is expected to begin delivery in the late half of 2012, with final deliveries completed by the end of the year.

“Making such an order reflects our clear vision, belief and commitment to this industry,” said Ibrahim Al-Humaidan, executive director of PTC. “PTC has wider plans and this major milestone embarks its onsite activities in Jubail, GT is a leader in this field with a proven track record and we are happy to be working with them and to be the first company to transfer such an advanced technology to our region.”

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 23rd Edition

    This issue of Photovoltaics International, our 23rd, offers key insights into some of the technologies that are ready to move from lab to fab in support of these goals. ISC Konstanz offer a glimpse of what the low-cost, high-efficiency solar cells of the future might look like. On page 35 the institute’s authors give an overview of what they call Konstanz’ “technology zoo”, encompassing their so-called BiSoN, PELICAN and ZEBRA cell concepts, all of which are aimed at increasing energy yield at the lowest possible cost.

  • Manufacturing The Solar Future: The 2013 Production Annual

    In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.

Partners

Acknowledgements

Solar Media