LDK Solar And Sunways AG Announce Supply And Purchase Contracts

Posted by SI Staff on September 24, 2007 No Comments
Categories : FYI

LDK Solar Co. Ltd., a manufacturer of multicrystalline solar wafers, has announced that it has signed contracts to supply multicrystalline solar wafers to and purchase polysilicon production equipment from Sunways AG.

Under the terms of the wafer supply contract, LDK Solar will deliver approximately 1 GW of multicrystalline solar wafers to Sunways over a 10-year period starting in 2008. Under the terms of the equipment purchase agreement, LDK Solar will purchase two readily available Siemens technology-based reactors and related plant equipment from Sunways. In addition, Sunways will provide support services to LDK Solar during the facility construction and the ramp-up of polysilicon production.

‘The equipment purchase agreement with Sunways AG further bolsters our confidence in LDK Solar's ability to meet the goal of ramping polysilicon production in 2008,’ comments Xiaofeng Peng, LDK's chairman and CEO. ‘We are pleased to continue to build our infrastructure by securing readily available polysilicon reactors from Sunways to serve as an additional training resource for our engineers and operators as we ready our facilities for polysilicon production of our previously announced 15,000-ton polysilicon plant.’

Peng adds that the new project is expected to raise LDK's polysilicon capacity to 7,000 tons by the end of 2008 and 16,000 tons by the end of 2009.

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