Saturday, September 6, 2008

LDK Solar signs $32M contract with GT Solar

Associated Press 09.04.08

NEW YORK - LDK Solar Co. said Thursday it has inked a $32 million contract with GT Solar International Inc. for polysilicon CVD reactors to install in its Xinyu City, China, facility.
The reactors are used to make polysilicon, a highly purified form of silicon used to make semiconductor wafers for microelectronics applications and solar wafers.

"As the demand for solar energy continues to grow, so does our need to increase and accelerate our manufacturing capacity," Xiaofeng Peng, LDK Solar's chairman and chief executive, said in a release. "With GT Solar's reactor and DSS furnace technologies and expertise, we feel confident that we will be able to meet our rising production goals."

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