Sunpower lands more than 30 million yuan contract from Fujian Gulei Petrochemical

China yuan coins

Sunpower Group obtained a more than 30 million yuan (S$5.96 million or US$4.36 million) contract from new customer Fujian Gulei Petrochemical for manufacturing and services, the Singapore-listed environmental services company said in a filing to SGX Thursday.

Under the contract, Sunpower will supply rod baffle heat exchangers for an Ethylene Oxide/Ethylene Glycol  unit at the Gulei Refinery and Chemical Integration Project, the filing said.

Delivery of the contract is expected to be completed in 2020, with a positive impact on Sunpower’s performance in 2019 and 2020, the filing said.

“With this win, we are pleased to establish our inaugural cooperation with Fujian Gulei Petrochemical. It is a strong testament to Sunpower’s track record in supplying equipment and services to large-scale refinery and chemical integration projects,” Guo Hongxin, executive chairman of Sunpower, said in the statement.

Fujian Gulei Petrochemical, a large-scale chemical company, is a joint venture between Fujian Petrochemical and a Taiwan petrochemical enterprise, the filing said.

While you’re here, we’re hoping you can help us out.

Shenton Wire has been providing you with quick news and market analysis. But we need your support to continue to bring you the news you’ve come to expect and to expand our reach beyond Singapore.

Your monthly contribution will directly fund our journalism.

S$2     S$4       S$8

S$18       S$28       S$88

You can check your existing account here. You can also contact us about other contribution levels or for corporate subscriptions and syndication queries.