GT Solar has added to its order books with a major deal worth over US$70 million for CVD reactor equipment and related polysilicon services. The deal is with an undisclosed customer – a leading Asian polysilicon manufacturer, according to the news release.
“We are pleased to announce this new order for our polysilicon production equipment to one of Asia’s leading producers,” said Tom Gutierrez, GT Solar’s president and CEO. “The polysilicon market is ultimately a commodity market that will eventually be dominated by large, low-cost players. As polysilicon prices continue to decline, our polysilicon reactors, production services and process know-how play a significant role in helping our customers achieve the scale and cost structures they need to remain competitive in a price-sensitive market.”