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LDK Solar guides 2008-9 business outlook

02 January 2008 - Market Watch - News

LDK SolarLDK Solar has said that it expects solar wafer shipments to reach the equivalent of 510MW to 530MW in 2008 and to potentially reach 1,050MW to 1,150MW in 2009.

Production of polysilicon is expected to reach 350 metric tons in 2008 and between 5,000 to 7,000 metric tons by the end of 2009 as the company significantly ramps new production.

LDK Solar expects revenues to be between $960 million and $1 billion in 2008 with gross margins between 26 and 31 percent. Although no revenue outlook was given for 2009, the company believes gross margins would be in the range of 42 to 50 percent.

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