LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a manufacturer of multicrystalline solar wafers and PV products, announced the addition of one new cell manufacturing site in Hefei City, Anhui Province. The new cell plant expands LDK Solar’s cell capacity to 570 MW per annum as of today.
"We are very pleased to expand our cell manufacturing to Hefei City, Anhui Province,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar.
“We believe this increased capacity will enhance LDK Solar’s vertical integration strategy, and we expect our module manufacturing costs will be significantly reduced beginning in the second quarter of 2011.
"We would also like to express our sincere appreciation to Hefei City and Anhui Province for their great support in the planning and constructing process of our cell plant in this very nice city. We have hired 2,014 employees now working in Hefei.”