Tuesday, January 13, 2009

LDK Solar delays operation of polysilicon projects

BEIJING, Jan 13, 2009 (Xinhua via COMTEX) -- China's wafer manufacturer LDK Solar Co., Ltd. (LDK.NYSE) recently delayed the operation of two polysilicon projects for half a year, involving a production capacity of 6,000 tons.

So the two polysilicon projects will come into operation in the mid of 2009.

Agreements with suppliers of steel, cement and other construction materials need be re-signed when the prices have slumped, and it also takes time to re-check the polysilicon production facilities after some similar facilities in China incurred environmental protection and production accidents continuously, said Yao Feng, spokesman of LDK Solar, when talking about the delay.
It's not necessary either to hurry through the construction project now as the price of polysilicon plunged from 400 U.S. dollars per kg to 150 U.S. dollars per kg, Yao added.

According to a senior official with LDK Solar, some of its customers also asked to postpone the shipment from 2008 to 2009.

LDK Solar had planned to expand the annual production capacity of polysilicon by 6,000 tons within 2008. Included are 5,000 tons from a 15,000-t/y polysilicon project and 1,000 tons from a 1,000-t/y polysilicon project.

Now, the minor one is in trial production but not put in full operation and the bigger one is scheduled to operate in the mid of 2009.

No comments: