LDK Solar Co., Ltd., a manufacturer of multicrystalline solar wafers and PV products, announced that the Company has entered into a multi-year wafer and polysilicon supply contract with Shanxi Lu'an Photovoltaic Technology Co., Ltd., a subsidiary of Lu'an Group, a Chinese energy enterprise. Under terms of the contract, LDK Solar will provide 120 megawatts (MW) of solar wafers commencing in January 2011 through December 2012 and 2,000 metric tons of polysilicon commencing in January 2011 through February 2013.
"We are pleased to expand our customer base to include a leading enterprise such as Lu'an Group," stated Xiaofeng Peng, Chairman and CEO of LDK Solar."Partnering with one of the most influential enterprises in China extends our leadership position of being a premier manufacturer of solar products. Lu'an Group's multi-year commitment to LDK Solar underscores the continued demand for our wafers and polysilicon."