Bloomberg News

China’s Yingli to Buy $100 Million in Solar Products From Dupont

February 14, 2012

Feb. 13 (Bloomberg) -- Yingli Green Energy Holding Co., a Chinese manufacturer of solar panels, agreed to buy $100 million of solar materials from DuPont Co.

The most valuable U.S. chemical company will supply Baoding, China-based Yingli with photovoltaic metalization pastes and protective backsheet films, Wilmington, Delaware- based Dupont said today in a statement. The companies didn’t give a price.

DuPont expects its solar photovoltaic market sales to reach $2 billion by 2014 from about $1.4 billion in 2011. Dupont and China-based Suntech Power Holdings Co., the world’s largest solar panel maker, signed a similar agreement on Feb. 1.

--Editors: Will Wade, Charles Siler

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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