XINYU CITY, China and SUNNYVALE, Calif., July 1 /PRNewswire-FirstCall/ --
LDK Solar Co., Ltd. ('LDK Solar'; NYSE: LDK), a leading manufacturer of multi-
crystalline solar wafers, held an equipment installation celebration ceremony
for its 1,000 metric ton (MT) annualized capacity polysilicon plant in Xinyu,
China on July 1, 2008.
Chairman Xiaofeng Peng, Mayor Anze Li and other local Xinyu government
dignitaries were present at the ceremony. Mr. Peng and Mayor Li congratulated
the project team on the rapid progress of the site construction.
'LDK Solar's success on this project to date is reflective of the
resourcefulness and dedication of the Chinese people. The local government
authority will continue to support LDK Solar by providing the necessary
resources for the timely completion of this project,' commented Mayor Li.
As of June 30, 2008, two reactors and five distillation and purification
towers have been installed. Nitrogen, hydrogen and de-ionized water systems,
as well as a boiler station and 110 KV/10 KV switch gear have been completed
or are nearing completion. Two more MSA reactors will be air shipped from
Germany in July, with additional reactors expected to be shipped over the next
two quarters. We expect to commence silicon production within the next three
months and have 1,000 MT annualized capacity installed by December, 2008.
'Our plant construction and equipment installation remains on schedule.
The next major milestone is the plant process commissioning phase, which is
expected to proceed over the next three months. We are on track and confident
in our ability to produce 100 to 350 MT of polysilicon in 2008,' said Mr. Peng.
'LDK Solar remains confident in its 15,000 MT polysilicon plant
construction progress, and the first phase of plant construction and equipment
installation for up to 6,000 MT capacity is expected to be complete by the end
of 2008,' Chairman Peng concluded.
About LDK Solar (NYSE: LDK)
LDK Solar is a leading manufacturer of multicrystalline solar wafers,
which are the principal raw material used to produce solar cells. LDK Solar
sells multicrystalline and mono-crystalline wafers globally to manufacturers
of photovoltaic products, including solar cells and solar modules. In
addition, LDK Solar provides wafer processing services to monocrystalline and
multicrystalline solar cell and module manufacturers.
