LDK expects to see a Q4 net loss of $135 - $145 million, largely attributable to inventory write downs that will range between $210 - $220 million.
LDK Solar has signed a five-year contract to supply multicrystalline solar wafers to China-based Jiangxi Solar PV Corp. (JSPV). LDK will deliver approximately 70 MW of multicrystalline solar wafers to JSPV
LDK announced that it would acquire 33.5% of Jiangxi Sinoma New Material Co. Ltd, a Chinese manufacturer of the crucibles needed to produce multicrystalline wafers. The possibility that the acquisition would help cut down on production and logistics costs drove the price of LDK's shares up.
