17 April 2012

5N Plus’ supply agreement unaffected by First Solar’s restructuring

5N Plus Inc of Montreal, Québec, Canada (a producer of specialty metal and chemical products including cadmium and tellurium) has commented on the restructuring announced by cadmium telluride (CdTe) thin-film photovoltaic module maker First Solar Inc of Tempe, AZ, USA, in which it will close its manufacturing operations in Frankfurt (Oder), Germany in fourth-quarter 2012 and, from 1 May, indefinitely idle four production lines at its manufacturing center in Kulim, Malaysia.

“The supply agreement we have signed with First Solar at the beginning of the year is in no way impacted by this restructuration, and the manufacturing activities of our plant in Eisenhüttenstadt, Germany, are not compromised, as most of this facility’s production was already being shipped to First Solar’s plants in Malaysia,” says 5N Plus’ president & CEO Jacques L’Ecuyer. “We do not foresee any reduction of our sales to First Solar in 2012, and the conditions of our agreement will provide us with the opportunity to fully benefit from the future growth of our customer in sustainable markets,” he adds.

See related items:

First Solar to close German manufacturing facility and idle four lines in Malaysia

Solar slowdown prompts 5N Plus’ $45.6m write down and idling of panel recycling plant

Tags: 5N Plus First Solar Thin-film photovoltaic CdTe

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