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April 1, 2008
Hohhot,
China: Dalu Group and Kunical International Sign Long-Term Polysilicon
Supply Contract
Dalu
Group and their marketing partner, Kunical International Group,
Ltd., have signed a long-term polysilicon supply contract with
Space Energy Corporation.
An
international delegation led by Mr. Toshinao Nimura, President
of Space Energy Corporation (SEC), Japan, and Mr. Terry Kunimune,
CEO of Kunical International Group Corp. (Kunical), visited the
Dalu polysilicon production plant site in Hohhot, China. Mr.
Tang Aijun, the mayor of Hohhot, and vice mayor, Mr.Wu Wenyuan,
met with the guests. The delegation paid a visit to the Dalu Group
headquarters in Nanjing. Mr. Houping Lu, CEO of Dalu Group, and
other management members attended the reception of the visiting
delegation.
During
the meeting, Inner Mongolia Dalu Semi-conductor Material Co.,
Ltd., and Kunical International Group, Ltd., the exclusive marketing
partner for Dalu, signed a 10-year supply contract with Space
Energy Corporation. The agreement would enable SEC's wafer production
to begin in 2010 at more than 150 MW, and have a projected capacity
by the end of the agreement in 2019 of 1.3 GW per year.
"Dalu's
polysilicon plant project introduced advanced polysilicon production
technology and major equipment from Europe and the United States.
Following its commencement, this project has drawn worldwide industry
attention. During our visit, we have seen that the project is
progressing quite well. We've now come to a mutually beneficial
agreement for long-term cooperation with Dalu Group for the supply
of polysilicon and we are looking forward to a successful strategic
cooperation in the solar energy industry," said Mr. Toshinao Nimura,
the founder and president of Space Energy Corporation.
Dalu's
polysilicon production plant will be constructed in three phases
with a final capacity of 18,000 tons per year. Work on Phase I
began in September 2007, and will be put into operation by the
end of 2009. Phase II capacity is 5,500 tons per year, and Phase
III is 10,000 tons per year. The project is expected to be completed
in five years, when the plant will become one of the major bases
of polysilicon production in the world.
Further details about: Space
Energy Corporation and Dalu
Group
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