Friday, September 5, 2008

More LDK News. WOW! 9/4/08

LDK Solar Signs Eight-Year Wafer Supply Agreement With Sumitomo Corporation

'LDK Solar Co., Ltd., a leading manufacturer of solar wafers, announced today that it has signed an eight-year contract with Japan- based Sumitomo Corporation ("SC"), one of the leading trading and investment houses in Japan to supply multicrystalline solar wafers to a leading manufacturer of solar cells and modules in Japan.
Under terms of the agreement, LDK Solar will deliver approximately 750 MW of multicrystalline silicon wafers to Sumitomo over an eight-year period, commencing in 2009 and extending through 2016. Sumitomo will make an advanced payment representing a portion of the contract value to LDK Solar.

"We are excited to announce this agreement with Sumitomo to supply high- quality wafers to Japan's leading manufacturer of solar modules," Xiaofeng Peng, Chairman and CEO of LDK Solar. "For LDK Solar, this supply contract with another industry leader, signifies another step towards our goal of becoming the leading supplier of wafers worldwide."'

Incredible! Three PR's in Three Days; Two of which being Wafer Contracts with PrePayments (as usual).

Not only this, but this particular deal expands LDK's relationships in Japan, which is the World's Second Largest Economy, and is particularly suited for Solar by its utter lack of Fossil Resources and Island Geography, as well as by its particular risks in the case of Climate Change.

You can bet that companies around the World are looking at the business that they're entering with LDK, and planning and designing the equipment and infrastructure that will be used to cheaply and efficiently turn all of these LDK Wafers into Modules for sale on the World Market.

LDK has set out to become a World Class company, and every day it seems that they leave us with a new pice of Evidence.

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