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REC Wafer and LG Electronics sign multi crystalline wafers supply agreement

REC Wafer has signed a long-term agreement with LG Electronics Inc in Korea for the supply of multi crystalline wafers.

The agreement, which runs until 2014, is structured as a take-or-pay contract with pre-determined prices and volumes for the entire contract period.

he contract has an estimated value of more than US$340 million. The deliveries will start with limited volumes in 2010 and increase over the contract period.

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