It is reported that LDK will use 60% of the net funds raised in this issuance to support the construction of the company's polysilicon factory, 30% to expand the production capacity of polysilicon wafers, and 65,438+00% to be used for general company activities.
In addition, in view of the current price drop in polysilicon market, Peng Xiaofeng, chairman and CEO of LDK, said: "The return of polysilicon market price to rationality is conducive to the healthy development of photovoltaic industry and the entry of photovoltaic products into thousands of households."
LDK is a high-tech photovoltaic enterprise focusing on the research, development, production and sales of solar polysilicon materials, silicon ingots and wafers. The sales revenue of companies listed on new york Stock Exchange in 2008 is expected to reach $6543.8+$750 million. At present, the production capacity exceeds 1000MW, and it is the world's largest supplier of solar polysilicon silicon wafers and the first photovoltaic enterprise in the world to enter the "Jiwa Club". At present, the order of LDK has reached 20 18, and the total order has exceeded 13GW, making it the largest supplier of polysilicon wafers in the world.
LDK is committed to developing into a "world-class photovoltaic leading enterprise" integrating the research, development, production and sales of solar polysilicon, silicon ingots and silicon wafers. At present, LDK has indisputably become the most competitive photovoltaic enterprise in the global silicon wafer sector. In the field of polysilicon, LDK polysilicon project has established the most advanced closed-loop system in the world, and all components and wastes in the production process will be recycled, which not only saves costs, but also protects the environment and solves the biggest technical bottleneck in polysilicon production. After the project is put into production, the cost control will far exceed the existing domestic production level and reach the international advanced level. This will be the most promising silicon project in China in terms of environment, scale, cost and quality. By 2009, LDK LDK is expected to become the world's leading polysilicon and solar silicon wafer production base, with the largest production capacity, the most advanced technology and the most environmentally friendly technology.