LDK updates on polysilicon plant

 XINYU CITY, CHINA & SUNNYVALE, USA: LDK Solar Co. Ltd, 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 on July 1.

Chairman Xiaofeng Peng, Mayor Anze Li and other local Xinyu government dignitaries were present at the ceremony. 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 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," he concluded.