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Yingli Green Energy has signed two polysilicon supply agreements with DC Chemical of Korea for the supply of polysilicon under two separate contracts. The first contract sees DC Chemical supply polysilicon with a value of approximately $27 million to Yingli Green Energy in 2008. Under the second agreement, DC Chemical will supply polysilicon with a total value of approximately $188 million to Yingli Green Energy from 2009 to 2013.
“One of our key strategies on the procurement side has been to establish long-term relationships with some of the most respected polysilicon suppliers around the world,” noted Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. “These two supply agreements demonstrate our ability to work with major suppliers in the industry and we believe our relationship with DC Chemical will help us further secure our polysilicon needs in the short and long term.”
