Sunpower unit clinches contracts worth 154m yuan

A WHOLLY owned subsidiary of mainboard-listed Sunpower Group has clinched 154 million yuan (S$31.25 million) worth of contracts from repeat customers.

The contracts were awarded by Wanhua Chemical Group Co, Sichuan Yongxiang New Energy Co (Yongxiang) and Jiangxi LDK PV Silicon Technology Co (LDK) to Jiangsu Sunpower Pressure Vessels Equipment Manufacturing Co.

Sunpower will supply a fluidised bed reactor (FBR) for a hydrogen chloride oxidation project of Wanhua Chemical, with the contract worth 39.1 million yuan. They will be delivered next year.

It will also provide four cold hydrogenation FBR to a high-purity polysilicon project of Yongxiang, to be delivered in batches next year. This contract is worth 91.4 million yuan.

Lastly, it will supply heat exchangers, towers, and other equipment to LDK this year, with a contract value of 23.5 million yuan.

These contracts are a strong testimony to the group's technological and manufacturing capability, said Sunpower Group chairman Guo Hongxin.

"We will maintain the stable performance and growth in our high-end equipment manufacturing business segment by capitalising on the group's strong technological capability, stable quality customer base and good brand reputation," he said. "Meanwhile, we will also proactively look for new customers and explore new markets as well as enhance our market competitiveness to fortify our position as the leading player in the industry."