Theloan, which was trailed in the Chinese media earlier this week, will be used tofinance a technology upgrade at LDK’s Mahong Polysilicon Plant.
Astatement says: “The financing will primarily be used to invest inhydrochlorination technology, a critical technological improvement necessary tosignificantly reduce the manufacturing cost of silicon production at theplant.
“LDKSolar plans to drawdown the loan as market conditions improve and thenecessary equipment is ready for its use.”
Accordingto
