Yi Investment Corporation
XINYU CITY, China and SUNNYVALE, Calif., Aug. 16 /PRNewswire-FirstCall/ --
LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline
solar wafers, announced today that it has signed a contract to supply
multicrystalline solar wafers to Taiwan-based Chuan-Yi Investment Corporation.
Under terms of the agreement, LDK Solar will deliver multicrystalline
solar wafers to Chuan-Yi valued at approximately US$516 million over a
"We are very excited to have the opportunity to add Chuan-Yi to our
growing list of global customers," stated Xiaofeng Peng, Chairman and CEO.
"This agreement advances our strategy of broadening our customer base and
demonstrates our position as a leading manufacturer of solar wafers. We look
forward to supporting the long-term growth and success of Chuan-Yi."
"We are delighted to secure such a significant amount of high-quality
solar-grade silicon wafers from LDK," commented Jin-Jiang Yeh, Chairman of
Chuan-Yi. "This contract enhances Chuan-Yi's ability to promote the combined
applications of solar power and LED. We look forward to building an enduring
relationship with LDK in support of our future growth."
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 Chuan-Yi Investment Corporation
Chuan-Yi, an affiliate of Everlight Electronics Co., Ltd., is an
investment firm focused on the optoelectronic industry in Taiwan. Established
in 1983, Everlight is a leading international LED company.
Safe Harbor Statement
This press release includes statements that may constitute forward-looking
statements made pursuant to the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Although LDK believes that the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risk and uncertainties
that could cause actual results to differ materially from those projected.
SOURCE LDK Solar Co., Ltd.
Lisa Laukkanen, +1-415-217-4967, firstname.lastname@example.org, for LDK Solar Co.,
Ltd.; or Jack Lai, Executive VP and CFO of LDK Solar Co., Ltd., +1-408-245-8801, IR@ldksolar.com
-0- Aug/16/2007 7:15 GMT
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