250 Million Yuan! Huamin and Bangjie Ink for Monocrystalline Silicon Wafers

PVTIME – Hunan Huamin Holdings Co., Ltd. (300345.SZ), a major manufacturer and distributor of wear-resistant cast products, announced on 6 July 2023 that it has signed a solar wafer supply agreement with Zhejiang Bangjie Holding Group Co. (002634.SZ), formerly Zhejiang Bangjie Digital Knitting Share Co., Ltd, which is principally engaged in the design, research, development, production and sale of seamless garments.

The two parties have agreed that Honsun, a holding subsidiary of Hunan Huamin Holdings, will supply 87 million monocrystalline silicon wafers to Zhejiang Bangjie from 26 June 2023 to 20 June 2024, with an estimated total contract value of approximately 250 million yuan.

Honsun is mainly engaged in the research and development, production and sales of solar photovoltaic silicon rods and wafers, as well as the application of external material recycling technology, and is committed to providing reliable PV products for silicon wafer manufacturers in the upstream of the photovoltaic industry chain.

Zhejiang Bangjie signed an investment agreement with the Management Committee of Jiangshan Economic Development Zone on 22 May 2023 to jointly invest in the construction of the PV product project. And the proposal was approved by the company on 9 June to invest about 8 billion yuan to achieve an annual production capacity of 16GW of n-type solar cells with an investment of 6 billion yuan and 16GW of large-size wafers with an investment of 2 billion yuan. The company has started to purchase related equipment in February 2023.

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