GCL-Poly Signed a Long-term Contract with Trina Solar to Supply 7,500MW of Wafer and Polysilicon Products
(11 January 2011, Hong Kong) GCL-Poly Energy Holdings Limited (“GCL-Poly”, the “Company” or the “Group”; stock code: 3800.HK) is pleased to announce that it has signed a long-term supplementary wafer and polysilicon product supply contract with Trina Solar Limited (“Trina Solar”, NYSE: TSL), a world leading solar PV products manufacturer. The Company is expected to provide Trina Solar with a total of approximately 7,500MW of wafer and polysilicon products in the next five years.
Under the supplementary wafer and polysilicon product supply contract between GCL (Changzhou) Solar Energy Technology Company Limited, a subsidiary of the Group, and Changzhou Trina Solar Energy Co. Limited, a subsidiary of Trina Solar, the Group will provide a total of approximately 7,500MW wafer and polysilicon products from January 2011 to December 2015. A price adjustment mechanism is included in the contract.
Mr. Shu Hua, the Executive Director and President of GCL-Poly stated, “GCL-Poly highly value the strategic partnership with Trina Solar. We will provide quality services to honor our commitment of wafer and polysilicon product supply for Trina Solar to support its rapid business development. We look forward to achieving a win-win situation with Trina Solar in the global solar industry.”
Mr. Patrick Lu, the Vice President of Trina Solar said, “Trina Solar and GCL-Poly has maintained long-term and stable cooperation. By signing the long-term supplementary wafer and polysilicon product contract with GCL-Poly, we have further strengthened the long-term strategic partnership between both parties. As a result, this will enable us to speedily drive the various businesses of Trina Solar in the future and maintain our global leadership.”
