Re: ***LDK SOLAR*** Signs new 7 year wafer contract

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Subject Author Date Re: ***LDK SOLAR*** Signs new 7 year wafer contract The Trend Is Your Friend 08-29-2008
Posted by The Trend Is Your Friend on August 29, 2008, 7:56 am LDK Signs Seven-Year Wafer Supply Agreement With Hyundai Heavy Industries Co., Ltd. Last update: 8/29/2008 3:15:00 AM XINYU CITY, China and SUNNYVALE, Calif., Aug 29, 2008 /PRNewswire via COMTEX/ -- XINYU CITY, China and SUNNYVALE, Calif., Aug. 29 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd ("LDK Solar")(NYSE: LDK), a leading manufacturer of solar wafers, today announced that it has signed a seven-year contract to supply multicrystalline solar wafers to Republic of Korea-based Hyundai Heavy Industries Co., Ltd (HHI). Under the terms of the agreement, LDK Solar will deliver approximately 440 MW of multicrystalline silicon solar wafers to Hyundai Heavy Industries Co., Ltd over a seven-year period, commencing in 2009 and extending through 2015. Hyundai Heavy Industries Co., Ltd will make a down payment representing a portion of the contract value to LDK Solar. "We are pleased to have entered into an additional agreement with Hyundai Heavy Industries Co., Ltd. and build upon our partnership," stated Mr. Xiaofeng Peng, Chairman and CEO of LDK Solar. "We continue to support HHI as they expand their presence in the solar markets." "As we continue to grow our solar business and meet the growing demand for our products in Korea and globally, we are excited to strengthen our long-term wafer supply pipeline by reaching this agreement to secure additional high-quality wafers from LDK Solar," commented Kwon-Tae Kim, HHI's Executive Vice President. Similar Threads Posted Re: ***LDK SOLAR*** Signs new 7 year wafer contract September 3, 2008, 1:27 am Evergreen Solar Introduces New ES-A Series String Ribbon (TM) Solar Panels June 19, 2008, 9:08 am The Anviron Holding Company Awarded $350,000 Contract -- Europe September 17, 2008, 10:30 pm More Signs That Obama is Next Prez March 28, 2008, 1:12 pm Signs of Resistance to Jewish Supremacism December 28, 2007, 6:40 pm ESLR signs contracts of aprox $1B May 22, 2008, 8:57 am I love France, France Gets Even With Bush Admin By Winning Defense Contract March 3, 2008, 1:53 pm GOLD: Contract Gains 10% on first day of trading on China Gold Exchange January 9, 2008, 4:48 pm Re: Top Economists See Growing Signs That the Country Has Toppled Into a Recession February 25, 2008, 7:47 am Oil Falls a Third Day on Signs Demand to Drop, Field May Start June 17, 2008, 1:05 pm