Neo Solar Power has signed a poly silicon supply contract with Hankook Silicon, which will provide them with 11,600 tonnes of poly silicon between 2011 and 2017. The agreement not only provides Neo Solar Power with a stable long-term poly silicon supply but also reinforces the strategic alliance between the two companies.
Neo Solar Power’s 2011 orders exceeded its capacity and agreements with Hankook and other suppliers will help to stabilise its silicon supply and also meet the increasing demand from its customers.
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“Neo Solar believes that by having better control over supplies and orders, we can continue to expand beyond market growth, broaden our product range, and increase our market share,” said Quincy Lin, chairman of Neo Solar.