Date Announced: 08 Apr 2011
Major supplier in solar industry invests $40 million in emerging LED opportunity.
XINYU CITY, China and SUNNYVALE, Calif., April 8, 2011 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE:LDK - News), a leading manufacturer of multicrystalline solar wafers and PV products, today announced a business investment of approximately $40 million to establish a new manufacturing plant in Nanchang City, Jiangxi Province. This new manufacturing facility will have capacity to supply two million two-inch equivalent pieces of sapphire wafers per year and be positioned to capture the growing opportunities in the LED industry.
"We are very pleased to expand our wafer manufacturing to Nanchang City, Jiangxi Province," stated Xiaofeng Peng, Chairman and CEO of LDK Solar.
"We believe this new investment in manufacturing sapphire wafers has a great synergy with LDK Solar's crystallization and wafer engineering and manufacturing expertise, and will enhance LDK Solar's product offerings.
"We also would like to express our sincere appreciation to Nanchang City and Jiangxi Province for the support they have shown us during the planning and construction of our wafer and module plants over the past two years."
Source: LDK Solar
Web Site: www.ldksolar.com