Sunways AG (SWW.DE) has entered into a contract with Swiss Wafers AG, for the supply of silicon wafers. This contract will take effect January 2009 and expire in 2016.
It relates to the supply by Swiss Wafers AG of a total of 115 megawatts (MW) of silicon wafers for the production of solar cells by Sunways AG. It provides for down payments to be made by Sunways.
The contract will make a significant contribution towards the secure supply of raw materials for Sunways AG and markedly support the photovoltaics company’s further growth and increased profitability.
Currently, the production capacities of Sunways AG equal 46 MW and are to be expanded to a total of 116 MW by the end of 2008.
Website: http://www.sunways.de/en/
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