Tuesday, June 23, 2009

LDK's Poly Plant is Mechanically Complete - 6/23/09

This is what alot of people have been waiting for.

LDK Solar Achieves Major Milestone in its 15,000 MT Polysilicon Plant Construction Project

XINYU CITY, China and SUNNYVALE, Calif., June 23 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK - News), a leading manufacturer of multicrystalline solar wafers, announced today that it has reached mechanical completion of the first 5,000 metric ton (MT) train in its 15,000 MT annualized capacity polysilicon plant in Xinyu, China. Installation has been completed of the Utilities, Infrastructure and Offsite (U&I&O) facilities. Pre-commissioning and commissioning of all the U&I&O systems is nearing completion in preparation for initial production of polysilicon in the first 5,000 MT train.

"We are very excited to reach this major milestone in the construction of our 15,000 MT polysilicon facility," commented Nick Sarno, Senior Vice President of Manufacturing at LDK Solar. "Commissioning of the first train and startup plans in this facility are underway. We remain on target to ramp to full 5,000 MT capacity over the next two quarters."

"The excellent cooperation between LDK Solar and the Fluor project teams has been the key driver to achieving this milestone for this world-class, fast-track polysilicon project," said Peter Oosterveer, President of Fluor's Energy & Chemicals Group. "We remain on schedule to meet upcoming major construction goals in order to enable LDK Solar to start polysilicon production as planned."

This is an incredible achievement, make no mistake. The pieces are together. Now it's up to LDK to continue in their efforts to make the thing hum.

Click for more background on LDK, GT Solar, Polysilicon.

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