NEW YORK (AP) -- China-based LDK Solar Co., which makes solar power products, said Tuesday it is on track to meet its production targets at a polysilicon plant it is currently building.
LDK said it still plans to produce between 5,000 and 7,000 metric tons of the material in 2009 at a plant that will have annual capacity of 15,000 metric tons.
The company said a separate 1,000 metric ton plant has been completed and is the process of being commissioned for use. It plans to update the expected production levels for the fourth quarter in a separate announcement.
Polysilicon is used to make solar cells and has been in short supply in recent years as the solar power industry grows.
Shares of LDK fell 60 cents, or 2.6 percent, to $22.39 in morning trading.