Hoku Materials To Deliver Polysilicon To Tianwei

Posted by SI Staff on August 06, 2008 No Comments
Categories : Projects & Contracts

Hoku Materials Inc. and Tianwei New Energy (Chengdu) Wafer Co. Ltd. have signed a definitive contract for Hoku's sale and delivery of polysilicon to Tianwei over a 10-year period beginning in early 2010.

According to the contract, up to approximately $284 million may be payable to Hoku during the period, subject to product deliveries and other conditions. The take-or-pay contract provides for the delivery of predetermined volumes of polysilicon each year, with the first shipment occurring in the first half of 2010 and the remainder over a 10-year period.

SOURCE: Hoku Scientific

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