MEMC Electronic Materials (WFR) Changes Its Agreement With Suntech Power (STP)

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10:06:19 am on February 12, 2009 reports that MEMC Electronic Materials has amended its supply agreement from July 25, 2006 with Suntech Power. Under the agreement, MEMC Electronic Materials agreed to sell silicon wafers to Suntech for a period of 10 years. The change to the agreement does not alter the aggregate revenues for sales at all. Rather, MEMC has agreed to a volume increase for this year’s sales and a price reduction.

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