LDK Solar (LDK) Signs Agreement With Q-Cells

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08:31:28 am on September 12, 2008

LDK Solar announced that is has signed an 11-year service agreement with Q-Cells AG, a German company. Under the agreement, LDK will process Q-cells upgraded metallurgical grade solar grade silicon and turn it in to multicrystalline solar wafers. LDK will make wafers out of a minimum of 20,000 metric tons of Q-Cells’ silicon from 2008-2018, and will have the option to process an additional 21,000 tons. 

Xiaofeng Peng, LDK Solar’s Chairman and CEO, commented on the agreement:

"We are very pleased to expand our long-standing relationship with Q-Cells with this significant processing and supply arrangement. We believe this new long-term collaboration is a testament to the quality of our products and the strength of our customer relationships. We are excited with the opportunity to deliver both Nova wafers produced from UMG-si as well as wafers produced from standard high-purity polysilicon feedstock. And we are pleased to be able to continue to support Q-Cells’ growth plans."

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