Sunpower lands around 72 million yuan in contracts from Wanhua Chemical

China yuan coins

Sunpower Group has landed a series of manufacturing and services contracts valued at a total 71.7 million yuan (S$13.86 million) from strategic partner, Wanhua Chemical Group, the Singapore-listed company said in a filing to SGX Wednesday.

Under the contracts, Sunpower will provide energy-saving piping products, including insulating pipe supports, low-friction pipe supports and cryogenic pipe supports, the filing said.

Delivery is expected to be completed this year and will mainly have a positive impact on 2019 results, Sunpower said.

Wanhua Chemical has four main business segment — polyurethane, petro-chemicals, performance solutions and special chemicals, the filing said.

Sunpower is a strategic supplier to Wanhua Chemical and has supplied heat exchangers for its core projects, the filing said.

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