Solar has signed a major exclusive contract with China-based JYT
Corporation for its 800KG capacity multicrystalline ingot furnaces that
is expected to enable LDK to reach a capacity of 3.2GW of wafer
production in 2010. After an extensive evaluation of JYT’s large
capacity furnaces, LDK said that the furnaces would contribute to a
reduction in energy consumption and capital expenditures that will see
an overall reduction in operating costs. Furnace deliveries are
expected to start in 2008 and run through 2010.
“We are pleased to establish a relationship with JYT,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “Our testing of their equipment yielded high quality ingots. By utilizing their cost efficient furnaces, we expect to lower our manufacturing expenses while expanding our wafer capacity.”
“We feel very excited to receive this large order from LDK Solar,” said Mr. Huanpei Feng, Chairman of the Board and CEO of JYT. “The partnership with LDK Solar is an important step toward our goal of becoming a world-class photovoltaic and semiconductor equipment manufacturer.”
LDK said that it has an exclusive deal for JYT’s 800KG furnaces through 2010.