Sunpower Group, the China-based heat transfer technology specialist, won a RMB47.1 million ($9.3 million) contract from Zhejiang Yisheng Petrochemical Co., subsidiary of Shanghai-listed Hengyi Petrochemical Co.
The contract, signed under Sunpower’s wholly-owned subsidiary Jiangsu Sunpower Technology Co., comprises six units of titanium condensers for oxidation reactors, which are key process equipments for Zhejiang Yisheng’s 2.2 million tonnes purified terephthalic acid (PTA) production lines.
All the equipment are expected to be delivered in 2013 and will have a positive impact on FY2013 results.
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