energy, Solar, Contracts
GT Solar Wins $173M Contract with Korean Chemical Firm
Wade Roush 9/2/08
In a call with journalists after the release of his company’s first-ever quarterly earnings report last Tuesday, Tom Zarella, CEO of GT Solar (NASDAQ: SOLR), the Merrimack, NH-based maker of equipment for manufacturing solar photovoltaic cells, said the company had just won a $177 million contract to supply 48 polysilicon reactors to DC Chemical of South Korea. Now the company has made that news official, though the actual amount is somewhat lower than what Zarella reported—$173 million, according to a news release circulated today. It’s DC Chemical’s third order from GT Solar, which went public on July 24.
Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.
