LDK Solar Signs Wafers Supply Agreement with Mosel Vitelic, Inc.
Xinyu City, China and Sunnyvale, CA, September 27, 2007
Source: LDK Solar Co. Ltd /press release
http://www.ldksolar.com/Press%20Release1.html
LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a five-year contract to supply multicrystalline solar wafers to Taiwan-based Mosel Vitelic, Inc.
Under the terms of the agreement, pricing and quantity is fixed for the first three years. During this period, LDK Solar will deliver multicrystalline solar wafers to Mosel Vitelic valued at approximately US$190 million with delivery commencing in 2008.
“We are excited to have the opportunity to expand our relationship with Mosel Vitelic, Inc.,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “Mosel has excellent engineering and manufacturing capabilities and we are pleased to support their growth plans.”
“We are delighted to secure supply of high-quality silicon wafers from LDK Solar,”stated Rebecca Tang, President of Mosel Vitelic, Inc. “We look forward to enhancing our relationship with LDK as we grow our solar business globally.”
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.