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

|About: GT Advanced Technologies,... (GTATQ)|By:, SA News Editor

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)