[TodayIR] GCL-POLY ENERGY: GCL-Poly Enters Into Strategic
[TodayIR] GCL-POLY ENERGY: GCL-Poly Enters Into Strategic Cooperation Agreement with TSEC and WahLee Industrial Corp. — GCL-Poly’s Highlights Make A Hit October 30 observed the grand opening of PV Taiwan 2013 Expo in Taipei World Trade Exhibition Center. As one of the major sponsors, GCL-Poly Energy Holdings Limited (“GCL-Poly”) has become the most prominent exhibitor due to its theme of “Bringing Green Power to Life ” and various products and new technologies such as fluidized bed particle polysilicon product, GCL Multi-Wafer S3, etc. Co-hosted by TAITRA, Semiconductor Equipment and Materials International (SEMI) and TPVIA, PV Taiwan is not only a great event for Asia’s PV industry but also a superior procurement platform for China’s PV industry. Over 150 manufacturers and approximately 10,000 experts from nearly 70 countries have attended the fair, which makes it a significant platform for demonstrating global PV industry technological innovation and future product development trend. On October 31, GCL-Poly, TSEC and WahLee Industrial Corp. had performed a signing ceremony for the upstream-and-downstream strategic cooperation agreement entered by the three parties. Customer representatives participating in the fair gathered around GCL’s exhibition stand, which once gain highlighted its prominence. Representatives from the three parties participating in the signing ceremony had delivered enthusiastic speeches. Mr. Shu Hua, CEO of GCL-Poly said, GCL-Poly’s polysilicon and silicon wafer have advantages in terms of capacity, cost and quality in the global market and GCL-Poly looks forward to closer collaboration with outstanding PV manufacturers from Taiwan; with good cooperation between GCL-Poly, TSEC and WahLee Industrial Corp. in the past two years, the signing of the agreement will further boost the three parties’ close alliance and promote the steady and healthy development of global PV industry. Chen Junying, vice chairman of WahLee Industrial Corp. pointed out that the PV industry has pulled out of the slump since the second quarter of this year and is on course for healthy growth and steady growth is expected for the coming years. The signing of this agreement by GCL-Poly, TSEC and WahLee Industrial Corp. shows that the players across the Taiwan Straits will join hands to benefit from the recovery in the PV industry. Liao Guorong, chairman of TSEC said the manufacturing bases of the global PV industry are mostly in China and Taiwan, with the combined capacity across the Taiwan Straits accounting for over 80% of global capacity. The closer cooperation between players across the Taiwan Straits is not only conducive to the healthy development of the PV industry, but also creates great momentum for promoting green energy around the globe. Other than an ordinary contract for raw material transactions, this agreement puts emphasis on strategic partnership across the supply chain, and in addition to stable quantity and pricing of silicon wafer trade, there are wider dimensions such as future cooperation in solar modules and solar energy market. With its new products and technology, GCL-Poly took center stage at PV Taiwan and its important cooperation agreement with Taiwan-based TSEC and WahLee Industrial Corp, significantly raised its profile at this exhibition.