Jul 25 2008
LDK Solar Co., Ltd, a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a contract to purchase production equipment from China-based JYT Corporation.
Under this contract, LDK Solar will purchase furnaces used in the manufacturing of multicrystalline and monocrystalline ingots for installation in its manufacturing facilities in Xinyu City. With the world's largest current ingot loading capacity of 800 KG, LDK Solar expects these furnaces to reduce the Company's electricity consumption and capital expenditures, while increasing production efficiency. Delivery will commence in 2008, and extend through 2010. LDK Solar is granted the exclusive right by JYT in purchasing and using this new equipment for the contract period. With this additional equipment, LDK Solar expects to reach 3.2 GW of annualized wafer capacity in 2010.
"We are pleased to establish a relationship with JYT," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "Our testing of their equipment yielded high quality ingots. By utilizing their cost efficient furnaces, we expect to lower our manufacturing expenses while expanding our wafer capacity."
"We feel very excited to receive this large order from LDK Solar," said Mr. Huanpei Feng, Chairman of the Board and CEO of JYT. "The partnership with LDK Solar is an important step toward our goal of becoming a world-class photovoltaic and semiconductor equipment manufacturer. We are determined to provide the best products and services to our customers."