Hoku Scientific, a wholly owned subsidiary Hoku Materials in the solar energy market, the establishment of the production and sale of polysilicon channels. Tianwei new Energy Holdings Limited, a subsidiary of Tianwei new energy (Chengdu) Co., Ltd. is a wafer of silicon to production, solar cells and modules based enterprises, the recent clear and Hoku said in a statement signed from 2010 The beginning of a 10-year polysilicon supply contracts.
According to the contract requirements, in 10 years time, Tianwei will be paid to Hoku about 284 million U.S. dollars as a product of the purchase price, the contract also provides for an annual supply of polysilicon, and from 2010 started to provide. The signing of the contract to protect the future of the Tianwei polysilicon raw material supply.
"We look forward to working with Hoku had a long-term mutually beneficial business relationship" that Tianwei general manager. "Polysilicon to predict the potential benefits of the manufacturing sector, we are very confident that the choice of Hoku as our major supplier." "We are very pleased with the Tianwei signed a long-term supply contracts" Hoku Scientific CEO Dustin Shindo said. "Days Viagra in China's energy industry in a market leadership position, and there are plans to expand investment in the PV market, the diversification of their operations and photovoltaic market the ambitious targets Hoku so that they become an important strategic partner. "
Source: 中国新能源网 Aug. 11, 2008
