Suntech Power Holdings Co. Ltd. and Calisolar Inc., an integrated manufacturer of solar silicon, wafers and cells, have signed a letter of intent to construct a solar silicon manufacturing facility in Vaughan, Ontario.
Once completed, the manufacturing facility will add new operators and engineers and will significantly expand the existing manufacturing operations in Vaughan, doubling total employment at Calisolar's wholly owned subsidiary, 6N Silicon, to more than 350.
As set forth in the letter of intent, Suntech will assist with financing the expansion and enter a multiyear agreement to purchase solar silicon produced by Calisolar at the new manufacturing facility.
SOURCE: Suntech Power Holdings Co. Ltd.
