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.
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