LDK Solar Co., Ltd. (NYSE: LDK), a manufacturer of multicrystalline solar wafers, announced that it has signed an eight-year contract to supply solar wafers to Republic of Korea-based Hyundai Heavy Industries Co., Ltd (HHD.HM).
Under the terms of the agreement, LDK Solar will deliver 450 megawatts (MW) of multicrystalline wafers to Hyundai Heavy Industries over an eight-year period commencing in late 2008. Hyundai Heavy Industries will make an advanced payment representing a portion of the contract value to LDK Solar.
"Having visited LDK Solar’s polysilicon plant in Xinyu City, China several times, we are confident that both their wafers and new manufacturing facilities will meet the highest industry standards," commented Kwon-Tae Kim, HHI’s Executive Vice President.
About LDK Solar
LDK Solar Co., Ltd. is a manufacturer of multicrystalline solar wafers used to produce solar cells. In addition, the company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK’s headquarters and manufacturing facilities are located in Jiangxi province in the People’s Republic of China. The company’s office in the United States is located in Sunnyvale, California.About Hyundai Heavy Industries Co., Ltd.
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