GREY:NTCXF - Post by User
Post by
ck123on Jun 25, 2010 2:02pm
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Post# 17222449
first customer
first customerIt is strong possibility that our poly-x silicon producing partner is looking at integrating solar panel production into its operations. By vertically integrating it is quite possible that tremendous savings can be achieved since Chuangke Silicon will be involved in both production of the base material and finished product.
1.5 B RMB translates to ~220+ million but I thought that money was used to increase poly-x production capacity rather than create a solar manufacturing facility. Either way, Chuangke Silicon is not a small outfit and should be able to demonstrate the advantages that Natcore can bring.
It looks like a win-win JV.