type 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 operating income 1 us 8.99 million 2008 1 net income 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 their distribution network for solar products covers over 43 distributors and wholesalers across over 15 different countries . 5 contents 1 founder 2 wafer capacity 3 wafer contracts 4 polysilicon production 5 references 6 external links founder edit 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 . 6 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 . 7 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 . 6 his net worth was 2.5 billion in 2008 . 7 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 edit 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 8 wafer contracts edit release date customer nation size various units contract duration 16 aug 07 chuan yi 1 china 516m 2007 2010 29 aug 07 neo solar 2 taiwan 495m 2007 2009 sep 24 07 sunways 3 germany 1gw 2008 2018 sep 27 07 mosel vitelic 4 taiwan 190m 2008 2013 oct 03 07 solartech 5 taiwan 224m 2008 2013 oct 10 07 chinalight 6 china rmb 1b 2008 2011 oct 16 07 solarfun 7 china rmb 2b 2008 2010 oct 22 07 csiq 8 china rmb 4b 2008 2011 dec 10 07 q.cells 9 germany 6gw 2009 2018 jan 17 08 neo solar 10 taiwan 500mw 2009 2019 feb 22 08 hyundai 11 s. korea 450mw 2008 2015 apr 02 08 moser baer 12 india 640mw 2008 2017 apr 04 08 silcio s.a 13 greece 50mw 2008 2013 apr 04 08 arise 14 canada 33mw 2008 2011 may 05 08 qimonda 15 germany 540mw 2009 2013 jun 13 08 jiangxi solar pv 16 china 70mw 2009 2013 jun 30 08 csiq 17 china 800mw 2009 2018 jul 16 08 photovoltech 18 belgium 400mw 2009 2018 aug 13 08 xl telecom 19 india 300mw 2009 2014 aug 29 08 hyundai 20 s. korea 440mw 2009 2015 sep 03 08 solartech 21 taiwan 550mw 2009 2013 sep 04 08 sumitomo 22 japan 750mw 2009 2016 oct 17 08 ge 23 us 90mw 2009 2011 oct 20 08 helios 24 italy 70mw 2009 2015 nov 14 08 bp solar 25 italy 435mw 2009 2011 jun 13 09 jiangxi solar pv corp 26 china 70mw 2009 2014 polysilicon production edit 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 . 8 9 a second 1000 ton per year polysilicon plant was bought by ldk from sunways ag and entered production phase at the end of 2008 . 8 on january 16 2009 ldk announced the completion of their first polysilicon production run from their sunways plant 27 . grid parity grid parity presentation solar cell solar cell references edit a b c 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 . http www.enfsolar.com directory material 2209 ldk solar a b board of directors . retrieved 2008 09 03 . a b farrell andrew . asia s youngest billionaires . forbes . retrieved 2008 09 03 . a b c 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 edit 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 retrieved from https en.wikipedia.org w index.php title ldk solar co & oldid 743312048 categories companies formerly listed on the new york stock exchangesolar energy companies of chinarenewable energy companiescompanies based in jiangxicompanies established in 2005chinese brands navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 9 october 2016 at 02 17 . text is available under the creative commons attribution sharealike license ; 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