Wednesday, January 16, 2008

News Hot off the press at LDK!

LDK Solar and Ganzhong TCS Plant Sign Long-Term Supply Framework Contract

XINYU CITY, China and SUNNYVALE, Calif., Jan 16, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a long-term framework contract for the supply of Trichlorosilane (TCS) with Jiangxi Ganzhong Chlorine & Caustic Company Ltd. (Ganzhong).

TCS is the key chemical used in the production of polysilicon. Under the contract, Ganzhong's TCS plant will supply a minimum of 400 tons per month of TCS gas at favorable pricing beginning in May, 2008 and an expected minimum monthly supply of 1,600 tons per month beginning in August of 2008.

"We are pleased to enter into an agreement with Ganzhong to secure this key manufacturing material for our first polysilicon facility," stated Xiaofeng Peng, Chairman and CEO. "Ganzhong's close proximity to our polysilicon plant will enhance efficiencies. Through this contract with Ganzhong, we have secured 100% of our TCS requirements for planned polysilicon production in our first facility."

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