Korea based solar cell and panel manufacturer Hyundai Heavy Industries (HHI) announced that they have singed a long-term contract with Korean polysilicon manufacturer Korea Advanced Material (KAM). HHI will source polysilicon worth of around €462 million from KAM. The delivery will be from 2010 to 2015.

KAM is a joint venture between Hyundai Heavy Industries and KCC Corp, a Korean construction industry chemicals manufacturer.

It is the second contract that HHI has signed in January. HHI signed a contract with Korean Woongjin Polysilicon for polysilicon worth around €386 million from 2011 to 2015.

Hyundai Heavy Industries' announced material purchase agreements are as follows:

Company	Region	Material	Value/Size	Term of Contract
LDK	China	Wafers	450 MWp	2008-2015
Korea Advanced Materials	Korea	Polysilicon	€462 million	2010-2015
Woongjin Polysilicon	Korea	Polysilicon	€386 million	2011-2015