LDK Solar Signs Two Additional Wafer Supply Agreements and One Polysilicon Sourcing Agreement
Friday, April 04, 2008 3:15 AM
Symbols: LDK

XINYU CITY, China and SUNNYVALE, Calif., April 4, 2008/PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE: LDK), a leadingmanufacturer of multicrystalline solar wafers, today announced that it hassigned a wafer supply agreement with Silcio S.A. Greek for 6 years commencingin 2008 through 2013. This agreement includes 50 MW of silicon wafer with afixed amount of deposit. An additional sales agreement was signed with AriseCorporation of Canada, which is a 4-year 'Take or Pay' contract for 33 MWsilicon wafers to be delivered from 2008 through 2011.


LDK Solar also secured an additional critical polysilicon sourcingagreement for 1,450 MT with shipments scheduled for the first half of 2008through 2011. This agreement will enhance the Company's polysilicon sourcingposition in the near term.


'We are thrilled to continue growing our global presence with the additionof Silcio S.A. Greek and Arise Corporation to our broad customer base,' statedXiaofeng Peng, Chairman and CEO.


About LDK Solar


LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solarwafers, which are the principal raw material used to produce solar cells. LDKsells multicrystalline wafers globally to manufacturers of photovoltaicproducts, including solar cells and solar modules. In addition, the Companyprovides wafer processing services to monocrystalline and multicrystallinesolar cell and module manufacturers. LDK's headquarters and manufacturingfacilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxiprovince in the People's Republic of China. The Company's office in the UnitedStates is located in Sunnyvale, California.


About Silcio S.A. Greek:


Silcio S.A. is building a PV Cell and PV module plant in Patras, Greecewith a capacity of 31 and 20 MWp, respectively. The cell line will bedelivered as a turn-key project by Roth & Rau AG, whilst Reis Robotics GmbHwill deliver the module assembly line. The investment will reach EUR22,500,000. Production is scheduled to begin March 2009.


Silcio S.A.


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