LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a manufacturer of multicrystalline solar wafers and PV products, announced that it has expanded its vertical manufacturing by successfully completing the installation and trial runs of the first production line of solar cells in its newly installed manufacturing facility in Xinyu City. The new solar cell manufacturing line currently has an annualized capacity of 60 megawatts (MW) and is expected to reach 120 MW by the end of the third quarter.
“We are very pleased to announce the commencement of our solar cell production," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “Once again our team has accomplished a rapid production ramp of a new facility. This is an important milestone as we continue to execute our integrated growth strategy. Our objectives of in-house cell production are to produce approximately 50% of our module manufacturing needs, thereby reducing the cost of our modules and attaining a stable supply of cells. Our newly established solar cell manufacturing facility in Xinyu City advances this strategy."