LDK Solar Co., Ltd. (NYSE: LDK), a manufacturer of multicrystalline solar wafers, announced that it has signed a five-year supply contract with Germany-based Qimonda AG (NYSE: QI).
LDK Solar will deliver approximately 540 megawatts (MW) of multicrystalline solar wafers to Qimonda (or its new joint venture with Centrosolar) over a five-year period commencing in 2009 through 2013.
The agreement also allows LDK to receive scrap silicon material from Qimonda’s chip production operations.
"We are pleased to build the long term partnership with the leading wafer manufacturer in China as we have newly entered the exciting field in renewable energy," commented Kin Wah Loh, President and CEO of Qimonda AG. "We look forward to building a new competitive edge in the solar business with the support of LDK Solar."
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. 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 Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People’s Republic of China. The company’s office in the United States is located in Sunnyvale, California.
About Qimonda
Qimonda AG is a leading global memory supplier with a broad diversified DRAM product portfolio. The company generated net sales of Euro 3.61 billion in financial year 2007 and had approximately 13,500 employees worldwide. Qimonda has access to five 300mm manufacturing sites on three continents and operates six major R&D facilities. The company provides DRAM products for a wide variety of applications, including in the computing, infrastructure, graphics, mobile and consumer areas, using its power saving technologies and designs.
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