China's Suntech has signed an eight-year polysilicon supply agreement with DC Chemical, a Korean chemicals producer.
DC Chemical will supply Suntech specified annual volumes of polysilicon with a total value of approximately US$631 million from 2009 to 2016.
Dr. Zhengrong Shi, Suntech's chairman and CEO, stated, "We highly respect DC Chemical's ability to rapidly develop commercial scale production of polysilicon and contribute to the growth of the solar industry. Partnering with DC Chemical for high quality polysilicon will help to expand Suntech's relationship with companies in the South Korean solar industry as well as building our long-term supply pipeline and accelerating our path to grid parity solar."