Seeking Alpha

GT Advanced Tech wins $336M deal to supply Malaysian facility

  • GT Advanced Technologies (GTAT) signs a $336M deal to supply Cosmos Chemicals Berhad with equipment and technology for a 25,0000 metric ton annual (MTA) polysilicon facility in Sarawak, Malaysia.
  • The size of the deal compares with the almost $300M in revenue that GT generated in 2013, although the time element for the order doesn't appear to have been provided.
  • It's also worth pointing out that Cosmos Chemicals Berhad needs to secure final financing for the project. (PR)
Comments (1)
  • SANAYA85
    , contributor
    Comments (11) | Send Message
     
    This is great news, it seem that the sapphire is way too important than the PV business, because the market is not reacting so great...
    Keep with the diversify GTAT!
    11 Mar 2014, 11:37 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs