KMA signs US$600 mln polysilicon deal with Hyundai Heavy

SEOUL, Jan. 28 (Yonhap) -- South Korea's Korea Advanced Materials (KMA) said
Wednesday it has signed a US$600 million deal with Hyundai Heavy Industries Co.
to supply polysilicon.

Under the deal, KMA will provide the essential raw material for solar cells to
the world's top shipbuilder between 2010 and 2015.
KMA is a joint venture that was set up by Hyundai Heavy and KCC Corp., South
Korea's leading paint maker, to produce polysilicon.
Hyundai Heavy clinched on Jan. 19 a deal with Woongjin Polysilicon, a unit of
Woongjin Holdings Co., to buy polysilicon worth $508 million between 2011 and
2015.
ksnam@yna.co.kr
(END)