JinkoSolar Announces 54 MW Solar Module Supply Agreements with Saint-Gobain
SHANGHAI, Oct 19, 2010 /PRNewswire via COMTEX/ --JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a fast-growing solar product manufacturer with low-cost operations based in China, today announced that it has entered into agreements to supply a total of 54 megawatts ("MW") of solar modules to Saint-Gobain Building Distribution Deutschland GmbH ("SGBDD"). Under the terms of the agreements, JinkoSolar will supply SGBDD with 54 MW of solar modules, with 4 MW to be shipped in 2010 and 50 MW to be shipped in 2011.
"We are excited to have established a partnership with SGBDD, one of Europe's leading building supply distributors," said Mr. Xiande Li, Chairman of the Board of Directors at JinkoSolar. "SGBDD's move into solar business displays its long-term confidence in the global solar industry and reemphasizes Germany's role as a leading market for solar products. The supply agreements further demonstrate the high quality of our solar modules and add to our esteemed track record with well-known solar players. We look forward to building a long-term relationship with SGBDD."
Udo Brandt, Chief Executive Officer of SGBDD, commented, "We are pleased to have entered into agreements with JinkoSolar, whose solar modules pass our stringent due diligence and quality tests. We plan to sell modules purchased from JinkoSolar in a great number of our chain stores throughout Germany. JinkoSolar has an established track record and is our largest solar module supplier to date. We look forward to developing a long-term relationship with the company, as we believe solar products will be increasingly beneficial to our overall business expansion."
About JinkoSolar Holding Co., Ltd.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing solar product manufacturer with low-cost operations based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar's principal products are silicon wafers, solar cells and solar modules. As of December 31, 2009, JinkoSolar had an aggregate of more than 440 silicon wafer, solar cell and solar module customers from China, Hong Kong, Taiwan, the Netherlands, Germany, the United States, India, Belgium, Singapore, Korea, France, Spain and Israel and other countries or regions. For more information about JinkoSolar, please visit http://www.jinkosolar.com .
About Saint-Gobain Building Distribution Deutschland GmbH
Saint-Gobain Building Distribution Deutschland GmbH is a company of Saint-Gobain S.A., Paris. The Saint-Gobain Group generated nearly EUR37.7 billion in 2009 in sales and, as one of the largest industrial companies in the world, employs more than 190,000 people in more than 64 countries. Its four main sectors are Innovative Materials, Construction Products, Building Distribution, and Packaging. Saint-Gobain is leader in all of its specialist fields. Shares of the Saint-Gobain Group are traded on twelve different European stock exchanges. http://www.sgbd-deutschland.de .
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company's public filings with the Securities and Exchange Commission, including the Company's registration statement on Form F-1, as amended. All information provided in this press release is as of October 19, 2010. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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