XINYU CITY, China and SUNNYVALE, Calif., Feb. 8 /PRNewswire-FirstCall/
-- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of
multicrystalline solar wafers, has received the completed Basic Engineering
Phase (BEP) package for its Trichlorosilane (TCS) plant at its Xinyu,
Jiangxi site from CDI Engineering Solutions, a division of engineering
outsourcing leader CDI Corp (NYSE: CDI).
The BEP defines the parameters of the plant design and is used to
prepare detailed construction drawings. Completion of the TCS BEP package
on schedule supports the company's publicly announced plans to complete
construction and reach a production capacity of up to 6,000 metric tons of
polysilicon by the end of 2008 and 15,000 metric tons by the end of 2009.
"Completion of the BEP by CDI Engineering on-time and on-budget is an
important milestone to reach in the construction of our poly plant as we
move forward with our plans to establish in-house polysilicon production,"
said Mr. Nick Sarno, Senior Vice President of manufacturing. "CDI
Engineering performed admirably and met its contractual commitments to
LDK's fullest satisfaction."
"We are excited about the successful completion of this significant
project," said, Keith Landry, Vice President, Global Project Development.
"Not only are we proud of our team's performance in meeting LDK's schedule,
but we are also pleased to contribute to a process that will help meet the
growing global demand for clean solar energy."
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 CDI Engineering Solutions
CDI Engineering Solutions is a provider of high-value engineering
outsourcing, project management and professional services to clients in the
process & industrial, aerospace, life sciences, and government services
sectors. CDI Engineering Solutions is a division of Philadelphia-based CDI
(NYSE: CDI), a leading provider of engineering and information technology
outsourcing solutions.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. All statements other than statements of historical fact
in this announcement are forward-looking statements, including but not
limited to, the Company's ability to raise additional capital to finance
the Company's activities; the effectiveness, profitability, and
marketability of its products; the future trading of the securities of the
Company; the ability of the Company to operate as a public company; the
period of time for which its current liquidity will enable the Company to
fund its operations; the Company's ability to protect its proprietary
information; general economic and business conditions; the volatility of
the Company's operating results and financial condition; the Company's
ability to attract or retain qualified senior management personnel and
research and development staff; and other risks detailed in the Company's
filings with the Securities and Exchange Commission. These forward-looking
statements involve known and unknown risks and uncertainties and are based
on current expectations, assumptions, estimates and projections about the
Company and the industry. These statements are based upon information
available to LDK's management as of the date hereof. Actual results may
differ materially from the anticipated results because of certain risks and
uncertainties. The press release also contains forward looking statements
about the progress of LDK's construction of its polysilicon plant. These
statements are based on information available to LDK's management today.
Actual results may differ, including various factors which may delay or
disrupt the plant's construction and completion, including, poor weather,
the risk of labor difficulties, construction difficulties or financing
difficulties.
The Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances, or
changes in its expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these forward-looking
statements are reasonable, they cannot assure you that their expectations
will turn out to be correct, and investors are cautioned that actual
results may differ materially from the anticipated results.
SOURCE LDK Solar Co., Ltd.
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Related links:
http://www.ldksolar.com
CONTACT:
Lisa Laukkanen of The Blueshirt Group,
+1-415-217-4967, lisa@blueshirtgroup.com, for LDK Solar Co.,
Ltd.; or Jack Lai, Executive VP and CFO of LDK Solar Co., Ltd.,
+1-408-245-8801, IR@ldksolar.com
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