LDK Solar Co
 | |
| Public | |
| Traded as | OTC Pink: LDKSY |
| Industry | Photovoltaics |
| Founded | 2005 |
| Headquarters | Xinyu, Jiangxi, China |
Key people | Xiaofeng Peng (Chairman & CEO) |
| Revenue |
 US$1.643 billion (2008)[1] |
| {{{1}}} US$8.99 million (2008)[1] | |
| US$70.223 million (2008)[1] | |
| Total assets |
US$ 3.373 billion (2008) |
| Total equity |
US$ 775.9 million (2008) |
| Website | www.ldksolar.com |
LDK Solar Co. Ltd., located in Xinyu City, Jiangxi province in the People's Republic of China, manufactures multicrystalline solar wafers used in solar cells. Additionally, LDK provides wafering services for both monocrystalline and multicrystalline wafers to companies who provide their own ingot stock.[2] LDK's principal customers have included CSI, Chinalight Solar Co., Ltd., Solarfun Power Holdings Co., Ltd.,[3] Solartech Energy Corp., Solland Solar Energy B.V., and Suntech Power Holdings Co., Ltd. The company has sold wafers to Chinalight primarily pursuant to short-term sales contracts, and monthly and quarterly purchase orders.[4]
Founder
Xiaofeng Peng (born c.1975) founded LDK Solar (nicknamed Light) in July 2005 and is its chairman and chief executive officer. Mr. Peng first founded Suzhou Liouxin in March 1997, and was its chief executive officer until February 2006.[5] Suzhou Liouxin manufactured personal protective equipment products like gloves and employed 12,000. He considered adding solar cell wafers to its product line when he realized that no Chinese company was producing them. In 2005, Peng invested $30 million of his own money and $80 million of venture financing into building factories.[6]
Mr. Peng graduated from Jiangxi Foreign Trade School in 1993 with a diploma in international business and from Beijing University Guanghua School of Management with an executive MBA degree in 2002.[5] His net worth was $2.5 billion in 2008.[6]
2013 Xiaofeng Peng tried to run Ecommerce, Set up FFdms Co., tried C2B ecommerce model, but was not able to put in much time. In January 2014 given FFdms owed suppliers and employees salary scandals, a lot of illegal dismissal of employees lawsuits. April 2014 Xiaofeng Peng, as the respondent, requested access to personal bankruptcy liquidation proceedings.
Wafer capacity
LDK has stated an annualized capacity of 1.46 GW as of December 31, 2008, with plans to expand to 2.3 GW per year by the end of 2009. And has achieved 3GW at the end of 2010[7]
Wafer contracts
Polysilicon production
LDK has contracted with Fluor Corp., an American engineering firm, for construction of a 15,000 Ton per Year polysilicon plant. The first 5000-ton train went into production in July 2009, with the second 5000 train scheduled for Q3 and third and final train by the end of 2010.[7][8]
A Second, 1000 Ton per Year Polysilicon Plant was Bought by LDK from Sunways AG, and entered Production Phase at the end of 2008.[7] On January 16, 2009 LDK announced the completion of their first polysilicon production run from their Sunways Plant .
References
- 1 2 3 Yahoo Finance LDK Solar Income Statement
- ↑ NYSE Listed Company Directory, Symbol: LDK
- ↑ http://www.solarfun-power.com/
- ↑ "LDK Full Description". reuters.com. Retrieved 2008-02-24.
- 1 2 "Board of Directors". Retrieved 2008-09-03.
- 1 2 Farrell, Andrew. "Asia's Youngest Billionaires". Forbes. Retrieved 2008-09-03.
- 1 2 3 "Update of 4Q08 and 2009 Outlook". LDK Solar Co., Ltd. Retrieved 2009-01-05.
- ↑ Daily, Matt; Lewis Krauskopf; Gerald E. McCormick (2007-09-07). "Fluor wins $1 bln contract for LDK Solar plant". Reuters. Retrieved 2008-02-24.
External links
- LDK Solar Co., Ltd. - Official Website
- LDK Solar Co., Ltd. - Investor Relations
- LDK Solar Co., Ltd. - Polysilicon Plant Progress
- Yahoo Finance - Summary of LDK
- LDK Solar at Wikinvest