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Shanghai, China (SPX) Dec 03, 2010 JA Solar Holdings has announced that it has entered into a long-term supplemental wafer and polysilicon supply agreement with GCL-Poly Energy Holdings and its subsidiaries. Under the adjusted terms of this supplemental agreement, GCL-Poly will supply JA Solar with an aggregate of approximately 10GW of high quality polycrystalline wafers and polysilicon products for a five year period, from January 2011 to December 2015, at pre-determined shipment volume. The agreement also contains a clause for a price adjustment mechanism. "We are very pleased to strengthen our long-term strategic partnership with GCL-Poly, China's largest polysilicon manufacturer and a global leader in solar wafer manufacturing," said Mr. Jian Xie, Chief Operating Officer of JA Solar. "This multi-year supplemental supply agreement fundamentally improves our supply chain positioning with an expanded strategic supply of attractively priced poly-crystalline solar wafers. It also provides a solid foundation to support JA Solar's rapid growth and will significantly improve our cost competitiveness in the dynamic solar industry," he said. Mr. Shu Hua, the Executive Director and president of GCL-Poly, stated, "We are glad to establish a long-term strategic partnership with JA Solar, a leading solar company in the world. We will provide quality services to honor our commitment of wafer and polysilicon product supply for JA Solar to support its rapid development. We look forward to achieving a win-win situation with JA Solar in the global solar industry."
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