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Looking for a Good Solar Company to Work for? Check GT Solar!
GT Solar received its largest order ever from South Korea's OCI, totaling $228 million. Its stock price rose 7.5% on Wednesday.
GT Solar's production equipment will be incorporated into OCI’s new Phase 4 production facility. The order will be included in GT Solar’s backlog for its current fiscal first quarter of 2012, which ends on July 2, 2011.
“We continue to drive down the cost of polysilicon production by delivering technology that improves throughput and lowers operating expense" said Tom Gutierrez, GT Solar’s president and CEO.
GT Solar’s polysilicon production equipment includes the industry’s most productive and energy efficient CVD reactors and a full range of technology including hydrochlorination, filament and product processing equipment to provide a complete end-to-end production solution.
GT Solar's equipment and technology are used in the solar, LED and other specialty markets.
This new record order comes 2 weeks after GT Solar announced multiple deals with Asia customers totaling $91 million.
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