DelSolar and GCL-Poly have signed a silicon wafer supply deal to establish a long-term strategic alliance. The agreement calls for GCL-Poly to provide local supplies of wafers to meet the needs of DelSolar’s Wujiang, China, plant’s expansion from May 2010 through December 2013.
The companies said that the deal includes a mechanism by which the parties may adjust prices to better reflect prevailing market conditions. DelSolar expects the agreement to greatly enhance overall operational needs and profitability.
‘‘One of DelSolar’s goals is to enhance our economies of scale,” said R.C. Liang, chairman/CEO. “Our production capacity is currently expected to reach 1GW by 2012. DelSolar is pleased to have entered into the supply agreement with GCL-Poly, a leading manufacturer and supplier of solar raw materials, and to form a long-standing strategic partnership. DelSolar is striving to become a leading manufacturer of solar products and to fulfill our mission of caring for the environment, energy-saving, and our green Earth.’’
“We are delighted to enter into a silicon wafer supply agreement and establish a long-standing strategic partnership with DelSolar, a leading solar company in Taiwan,” said Zhu Gong Shan, executive director, chairman, and CEO of the materials company. “This contract signifies GCL-Poly’s expansion into the overseas wafer industry and also demonstrates the endorsement and recognition of GCL-Poly’s silicon wafer products by industry players. I believe this agreement will bring more business opportunities and closer cooperation for both companies going forward.’’
Financial terms of the deal and specific wafer-shipment amounts were not disclosed.