LDK Solar held an opening ceremony for Phase I of its 16,000-ton polysilicon project. Construction began on the project in Xinyu City, China in February of last year. The project will eventually produce 16,000 tons of polysilison per year, which will be used to make solar wafers. This will help decrease LDK’s production cost while ensuring a reliable supply. Trading Markets has more details about the project:

The project that broke earth in February 2008 adopts the world-class modified Siemens processes, and it is expected to rank top worldwide by production cost and energy consumption after fully operation.

The firm is to start running the Phase II, which will be capable of producing 5,000 tons of polysilicon per year and is part of a 15,000-ton plant, in mid-2009.