Despite
being
China’s
second
largest
producer
of
polysilicon
after
GCL-Poly,
in
addition
to
one
of
the
world’s
leading
suppliers
of
PV
cells
and
modules,
LDK’s
decision
to
diversify
into
polysilicon
several
years
ago
has
thus
far
proved
disastrous.
LDK
has
long
touted
its
intention
to
spin
off
its
polysilicon
division,
with
an
IPO
originally
slated
for
late
2011.
Only
10
months
ago
LDK
–
among
China’s
most
heavily-indebted
PV
manufacturers
–
revealed
plans
to
treble
its
in-house
polysilicon
capacity
by
the
end
of
2013
to
55,000
tonnes
via
a
massive
new…
