LDK Solar is expanding its manufacturing base by opening a new cell production facility in Hefei City, China. The plant, located in the Anhui Province, will employ 2,014 and bring LDK's annual production capacity to 570MW.
“We believe this increased capacity will enhance LDK Solar's vertical integration strategy, and we expect our module manufacturing costs will be significantly reduced beginning in the second quarter of 2011,” LDK chairman and CEO, Xiaofeng Peng said. “We would also like to express our sincere appreciation to Hefei City and Anhui Province for their great support in the planning and constructing process of our cell plant in this very nice city.”