LDK Solar has said that it has reached 1.2GW in annualized wafer production capacity in the third quarter of 2008, exceeding its previously announced target to reach that level by the end of the year. The company also raised its revenue guidance to be in the range of $530 to $540 million, compared to $486 to $496 million for the quarter.
“We are very pleased to see our wafer capacity expansion plans proceeding ahead of schedule,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “LDK Solar leads the industry by executing one of the fastest wafer capacity ramps within the sector. Reaching our year-end annualized capacity target three months ahead of schedule and delivering better than expected financial results for the third quarter reflects our steadfast dedication to meeting the increasing demand for solar cells worldwide and becoming one of the largest and lowest-cost wafer producers in the solar industry.”
LDK Solar also raised its quarterly wafer shipment guidance from 210 to 220MW to between 230 and 240MW.