AMG Advanced Metallurgical Group N.V. says that its 50.5% subsidiary Timminco Limited, through its wholly owned subsidiary Becancour Silicon Inc. (BSI), has formed a supply relationship with Canadian Solar Inc. (CSI).
CSI is expected to purchase up to 5,000 metric tons of solar-grade silicon through 2011 at a price substantially less than the current contract prices for polysilicon. BSI delivered 16 metric tons of solar grade silicon in 2007 and expects to deliver 450-500 metric tons to CSI this year.
‘We are very happy to announce our relationship with CSI as a strategic partner in the development of our solar-grade silicon,’ says Rene Boisvert, president and CEO of BSI. ‘We are pleased to have achieved the necessary milestones to permit commercialization by CSI of their use of our product.’
SOURCE: AMG Advanced Metallurgical Group N.V.
