GT Solar receives US$81.7 million in total orders from two new customers

GT Solar advised that it had received orders from two new customers based in Asia for the company’s polysilicon production equipment. Together the two customers’, who remain anonymous, orders amounted to US$81.7 million and called for GT Solar’s hydrochlorination equipment for TCS production and other polysilicon production equipment. The orders will be included in the company’s backlog for its first quarter of the 2012 fiscal year, which ended July 2.

“We are pleased to add two new customers to our growing family of polysilicon producers,” said Dave Keck, vice president and general manager of GT Solar’s polysilicon technology business unit. “As polysilicon prices continue to fall, producers must operate their plants at the highest levels of productivity and efficiency to remain profitable. Our polysilicon production equipment and technology enables customers to produce high purity silicon at one of the lowest costs in the industry.”