NEW YORK (AP) — LDK Solar Co. secured an additional 344 tons of polysilicon supplies for 2008 and started construction on a polysilicon plant, the solar products maker said Friday.
The company did not name the supplier or terms of the contract. LDK's plant construction is on schedule to reach the company's capacity goal of 6,614 tons in the fourth quarter of 2008.
Getting less expensive polysilicon supplies in a tight market for the key solar-product component generally benefits the company's earnings.