euro adhoc: Sunways AG
other
Sunways AG: Strategic agreement for raw
material supply with LDK Solar Co., Ltd. signed
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Contracts
24.09.2007
- 10-year supply contract signed with LDK Solar for a total output of one Gigawatt; delivery starts in 2008 - Siemens-reactors and associated equipment for a polysilicon production plant including substantial support services sold to LDK Solar - Reliable and economically advantageous raw material procurement secured
Sunways has closed a bilateral agreement with the leading Chinese manufacturer of solar silicon wafers, LDK Solar: Sunways sells its two Siemens-reactors together with all associated plant equipment to LDK Solar. Also part of the contract will be substantial support services for the installation and start-up of a silicon productions facility, which is to be extended to its full capacity of 1,000 tons in the course of 2008. In addition to the reactor agreement, LDK Solar will deliver approximately 1,000 Megawatt of multicrystalline solar wafers to Sunways over a ten year period starting in 2008. The cooperation with LDK, one of the leading global manufacturers of silicon wafers, ensures a long-term and economically advantageous raw material provisioning for Sunways. Sunways was able to close the long-term supply agreement at favourable conditions. Down-payments have been agreed specifically according to the overall project volume. Both parties have agreed not to disclose details on the contract terms and conditions.
end of announcement euro adhoc 24.09.2007 09:33:48
Further inquiry note:
Astrid Forst
Tel.: +49 (0)7531 99677 480
E-Mail: ir@sunways.de
Branche: Alternative energy
ISIN: DE0007332207
WKN: 733220
Index: CDAX, Prime All Share, Technologie All Share
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