LDK Signs Wafer Supply Agreement With Hyundai Heavy Industries

SOLAR DAILY

Multicrystalline solar wafers.

by Staff Writers
Xinyu City, China (SPX) Sep 02, 2008
LDK Solar has announced that it has signed a seven-year contract to supply multicrystalline solar wafers to Republic of Korea-based Hyundai Heavy Industries.

Under the terms of the agreement, LDK Solar will deliver approximately 440 MW of multicrystalline silicon solar wafers to Hyundai Heavy Industries Co., Ltd over a seven-year period, commencing in 2009 and extending through 2015.

Hyundai Heavy Industries Co., Ltd will make a down payment representing a portion of the contract value to LDK Solar.

"We are pleased to have entered into an additional agreement with Hyundai Heavy Industries Co., Ltd. and build upon our partnership," stated Mr. Xiaofeng Peng, Chairman and CEO of LDK Solar.

"We continue to support HHI as they expand their presence in the solar markets."

"As we continue to grow our solar business and meet the growing demand for our products in Korea and globally, we are excited to strengthen our long-term wafer supply pipeline by reaching this agreement to secure additional high-quality wafers from LDK Solar," commented Kwon-Tae Kim, HHI's Executive Vice President.

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SOLAR DAILY

Sino-American Silicon Invests In Silfab

Padova, Italy (SPX) Sep 02, 2008
Silfab announced this week that SAS' Board has approved to invest in Silfab an amount of 30 million euros equity, Sino-American Silicon Product, a Taiwanese manufacturer of polysilicon wafers for use in both photovoltaic and semiconductor industries.

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