Rochester, NY 9/1/2009 9:56:30 PM
LDK Solar Co.Ltd. LDK,T Rading in the pre market at 9.00
LDK Solar Co.Ltd.
LDK Solar Co., Ltd. announced that it has entered into an agreement with Suqian City of Jiangsu Province for the development of PV power projects. According to the agreement, LDK Solar will develop PV power projects in buildings, plants and integration systems, totaling up to 300 MW by 2015. The terms, including financing, design and specific location of each of the projects, will require a feasibility study as well as final approval from relevant governmental departments prior to initiation.
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Last Trade: 9.01
Day's Range: 8.93 - 9.10
52wk Range: 3.75 - 50.51
Change: Up 0.01 (0.11%)
Volume: 270,960
Avg Vol (3m): 5,033,710
About LDK Solar Co.Ltd.
LDK Solar Co., Ltd. (LDK Solar) is a manufacturer of multicrystalline solar wafers. The Company sells multicrystalline wafers globally to manufacturers of photovoltaic (PV) products, including solar cells and solar modules. It produces and sells multicrystalline solar wafers between 180 and 220 microns in thickness. In addition, the Company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. It manufactures multicrystalline ingots from polysilicon feedstock in its directional solidification system (DSS) furnaces as an interim step in producing wafers. In addition to using solar-grade virgin polysilicon, the Company also uses other polysilicon materials from various sources in its ingot manufacturing process. In addition, it also sells polysilicon materials, which include ingots and polysilicon scraps. In July 2009, the Company announced the acquisition of a 70% controlling interest in Solar Green Technology S.p.A.
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