) has entered into a $100 million agreement with Yingli Energy
(China) Company Limited (Yingli China), a wholly owned subsidiary
of Yingli Green Energy Holding Company Limited (Yingli Green
Energy) to supply photovoltaic materials for solar model
production. The deal is an expansion of a supply agreement
between the companies announced in Feb 2012.
Per the agreement, Yingli China will purchase materials
including DuPont Solamet photovoltaic metallization paste that
will help to increase the power output of solar cells and DuPont
Tedlar polyvinyl fluoride film that protects solar panels even in
the harshest environmental conditions.
As per the deal, the collaboration will install a solar energy
plant at a DuPont facility in China and will potentially install
similar plants in additional sites. Both the companies have also
come to terms to develop the next generation of high-efficiency
solar cells and modules, along with co-marketing activities.
According to Yingli China, the cooperation with DuPont will
further enhance its supply of critical and high-quality materials
to optimize the performance of solar modules. DuPont on the other
hand, believes that the agreement further expands their strategic
relationship, and it looks forward to delivering superior quality
solar panels that will increase the adoption of solar energy to
meet the growing global demand for energy.
Yingli Green Energy Holding Company Limited is one of the
world's largest vertically integrated photovoltaic suppliers.
DuPont is a global chemical and life sciences company and
provides innovative products, materials, and services to the
DuPont currently retains a Zacks Rank #3 (Hold).
Other companies in the chemical industry that are worth
Shin-Etsu Chemical Co., Ltd.
). All of them retain a Zacks Rank #1 (Strong Buy).
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