Sunpower secures 80m yuan of environmental equipment contracts
ENVIRONMENTAL protection solutions specialist Sunpower Group has secured 80 million yuan (S$16.76 million) of environmental equipment manufacturing contracts from a subsidiary of Shanghai-listed TBEA Co Ltd.
Its wholly-owned subsidiary, Jiangsu Sunpower Presure Vessels Equipment Manufacturing Co, will supply to Xinjiang Xinte fluidised bed reactors and heat exchangers for the latter's upgrading project of its high-purity polysilicon plant.
The equipment will be delivered this year and will positively impact the group's performance for the current financial year, Sunpower said.
Executive chairman Guo Hongxin said the sizeable contract from TBEA, a repeat customer, further seals their close and longstanding relationship.
The group has secured contracts worth 500 million yuan with Xinjiang GCL New Energy Material Technology Co - a subsidiary of Hong Kong-listed GCL-Poly Energy Holdings - and other polysilicon companies this year, he added.
"Moving forward, we will continue to dedicate resources to this space, while building on existing relationships with customers and leveraging our proprietary technologies and strong track record to further increase our market share in diverse industries."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Syngenta to withdraw China IPO application on weak market: sources
Chinese firms’ fundraisings in limbo as IPOs scrutinised at home and abroad
China’s Huawei continues rebound with strongest earnings growth since 2019
Hatten Land gets notice of default, letter of demand for RM14 million, appoints financial adviser
ComfortDelGro wins contracts to run buses in Manchester
Sam Bankman-Fried, at sentencing, acknowledges FTX customers have suffered