LDK Solar to Buy Polysilicon Production Equipment from GT Solar

LDK Solar Co., Ltd., a manufacturer of multicrystalline solar wafers, has signed a contract to purchase polysilicon production equipment from U.S.-based GT Solar Inc., a subsidiary of GT Solar International, Inc.

Under this contract, LDK Solar will purchase polysilicon reactors and other polysilicon production equipment for installation in its manufacturing facilities in Xinyu City, enabling the company to produce virgin silicon feedstock for use in its production of multicrystalline solar wafers.

LDK expects that following installation of this equipment, it will have polysilicon production capacity of up to 6,000 metric tons in 2008 and 15,000 metric tons in 2009.

“Through the purchase of this equipment, we are expanding our capabilities in the solar value chain, adding the production of pure polysilicon to our operations,” stated Xiaofeng Peng, Chairman and CEO, LDK Solar. “In combination with our ability to use recyclable polysilicon in our production process, producing our own pure polysilicon feedstock will enhance our cost efficiencies.

LDK Sr. VP of manufacturing, Nick Sarno, also stated, “This is an exciting day for LDK Solar as the company has taken one more step toward becoming the world leader in low cost solar wafer manufacturing by securing future polysilicon supplies.”

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