Bitterfeld-Wolfen, 26 Mai 2009: Q-Cells SE and Timminco Limited, Toronto/Canada, have reached a new supply agreement for solar grade silicon. It will replace the agreement signed in 2008 for the five-year period through 2013. The new agreement contemplates deliveries of 100 mt of solar grade silicon for the remainder of 2009. Volumes, pricing and other terms for deliveries of solar grade silicon in the years 2010 to 2013 will be subject to mutual agreement by the end of 2009 and will be negotiated in the context of prevailing solar industry market conditions. Timminco will also return the outstanding deposit of approximately € 8.9 million to Q-Cells. The companies agreed to a repayment schedule that provides for full repayment during the year 2010. Timminco will pay interest on the outstanding balance at an agreed rate.
“We believe in upgraded metallurgical silicon as an important resource for the production of solar cells in the mid- to long-term perspective” says Anton Milner, CEO of Q-Cells SE. “Our technical department is working closely with Timminco to ensure that the material consistently meets our high quality needs.”
“Q-Cells is a valued customer of Timminco.” said Rene Boisvert, President Bécancour Silicon Inc., a subsidiary of Timminco. “We look forward to continuing to build a long term relationship with Q-Cells based upon application of our UMG-Si technology.”