XINYU, China and SUNNYVALE, Calif., Jan. 5, 2015 /PRNewswire/ -- LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar", OTC Pink: LDKYQ) announced today that, its polysilicon plant located in Mahong, Jiangxi completed its hydrochlorination reengineering project and successfully produced trichlorosilane during its first production run on December 27, 2014. Trichlorosilane is the most critical material for polysilicon manufacturing process. The trichlorosilane produced by Mahong Plant meets the national standard of the People's Republic of China. Moreover, the hydrochlorination process is clean, environmentally friendly with lower manufacturing costs.
The hydrochlorination reengineering project was commenced early last year with new added investment of RMB 440 million. LDK Solar expects to rampup the polysilicon production to achieve lower production cost with hydrochlorination process.
Cautionary Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including risks and uncertainties disclosed in LDK Solar's filings with the U.S. Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date such information was prepared and on its expectations, assumptions, estimates and projections as of such date. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.
About LDK Solar in provisional liquidation
LDK Solar Co., Ltd. in provisional liquidation is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar, through its operating subsidiaries, manufactures polysilicon, monocrystalline and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's subsidiary office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.
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SOURCE LDK Solar Co., Ltd.