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LDK Solar, listed on the NYSE and based in Xinyu City, China has
started construction of a polysilicon production plant adjacent to its
multicrystalline solar wafer facilities. The aggressive schedule set by
the company should see a production capacity of up to 6,000 metric tons
of polysilicon produced by the end of 2008 and 15,000 metric tons by
the end of 2009. The Company has also indicated that it plans to
commence volume production by the end of 2008.
"Today's [August 18th ] groundbreaking represents a notable milestone
for LDK as we move forward with our plans to establish in-house
polysilicon production and build upon our technical and operational
expertise," said Mr. Xiaofeng Peng, Founder, Chairman and CEO of LDK
Solar. "We are very proud of the speed of the preparations leading to
the groundbreaking and see this achievement as a demonstration of our
commitment to becoming the largest and lowest cost wafer producer in
the solar industry."On the solar wafer front, the company is planning to double manufacturing capacity by the end of 2007 to reach 400MW and reach 800MW capacity by the end of 2008.
