LDK Solar and Sumitomo Agree To Terminate Contract

게시됨 2012. 11. 7.
LDK Solar  Sumitomo Densetsu 

LDK Solar Co., Ltd. today announced that it has reached an agreement with Sumitomo Corporation to terminate their long-term solar wafer supply agreement.

Under the terms of the agreement, originally signed in September 2008, LDK Solar was to supply multicrystalline silicon wafers to Sumitomo over an eight-year period, beginning in 2009 and extending through 2016. As part of the original agreement, Sumitomo made an advanced payment representing a portion of the contract value to LDK Solar.

In exchange for LDK's agreement to terminate the supply agreement, Sumitomo has agreed to pay LDK Solar a settlement amount totaling $33.4 million.

"We are pleased to have reached a mutually agreeable conclusion to our 2008 wafer supply contract with Sumitomo," stated Xiaofeng Peng, Chairman of LDK Solar.  "We look forward to establishing a new commercial relationship with Sumitomo.  We will continue to work closely with our customers and partners as we navigate the current industry challenges." 

LDK Solar is assessing the financial impact on its full year 2012 earnings of the Sumitomo termination and related contract termination charges.

 

제공: LDK Solar
위 기사에 언급한 회사들의 ENF 프로필

LDK Solar (솔라원자재): https://kr.enfsolar.com/ldk-solar
LDK Solar (솔라패널): https://kr.enfsolar.com/ldk-solar
Sumitomo Densetsu (솔라패널 설치): https://kr.enfsolar.com/sumitomo-densetsu
PV industry news is republished free of charge, please send your news to