LDK Solar Co., Ltd. (NYSE: LDK) has completed a sale of 15% ownership stake in their 15,000 metric ton (MT) annualized capacity polysilicon plant. The company that purchased the stake was Jiangxi International Trust and Investment Co., Ltd. LDK sold the stake in the plant for proceeds of RMB1.5 billion.
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LDK Solar Co., Ltd. (LDK Solar) is a manufacturer of multicrystalline solar wafers. The Company sells multicrystalline wafers globally to manufacturers of photovoltaic (PV) products, including solar cells and solar modules. It produces and sells multicrystalline solar wafers between 180 and 220 microns in thickness. In addition, the Company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. It manufactures multicrystalline ingots from polysilicon feedstock in its directional solidification system (DSS) furnaces as an interim step in producing wafers.
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