{{Short description|Chinese solar panel company}} {{update|date=October 2016}} {{Infobox company | name = LDK Solar Co., Ltd. | logo = LDK Solar Co logo.png | logo_size = 220px | type = | foundation = 2005 | location = Xinyu, Jiangxi, China | key_people = Xiaofeng Peng (Chairman & CEO) | industry = Photovoltaics | products = | revenue = {{profit}} US$1.643 billion (2008)<ref name=yahoofinanceincomestatement>[https://finance.yahoo.com/q/is?s=LDK&annual Yahoo Finance LDK Solar Income Statement]</ref> | operating_income = {{profit}} US$8.99 million (2008)<ref name=yahoofinanceincomestatement/> | net_income = US$70.223 million (2008)<ref name=yahoofinanceincomestatement/> | assets = {{profit}} US$ 3.373 billion (2008) | equity = {{profit}} US$ 775.9 million (2008) | num_employees = | homepage = [http://www.ldksolar.com www.ldksolar.com] }}
'''LDK Solar Co. Ltd.''', previously located in Xinyu City, Jiangxi province in the People's Republic of China, manufactured multicrystalline solar wafers used in solar cells, and provided wafering services for both monocrystalline and multicrystalline wafers.<ref>NYSE Listed Company Directory, Symbol: [https://www.nyse.com/about/listed/ldk.html LDK] {{Webarchive|url=https://web.archive.org/web/20121010152613/http://www.nyse.com/about/listed/ldk.html |date=2012-10-10 }}</ref> Their distribution network for solar products covered over 43 distributors and wholesalers across 15 countries.<ref>{{cite web | url=http://www.enfsolar.com/directory/panel/2209 | title=ENF Ltd }}</ref>
LDK filed for Chapter 11 bankruptcy in 2014.<ref>{{Cite web|url=https://www.bloomberg.com/news/articles/2014-10-21/ldk-solar-affiliates-file-for-u-s-bankuptcy-protection|title=Solar cell manufacturer LDK Solar files for bankruptcy|date=October 21, 2014|access-date=February 28, 2023|website=Bloomberg|language=en}}</ref>
LDK and its Chinese subsidiaries were forced into bankruptcy in 2015.<ref name=":0">{{Cite web|date=2015-11-18|title=LDK Solar collapses into bankruptcy in China|url=https://www.pv-tech.org/ldk-solar-collapses-into-bankruptcy-in-china/|access-date=2021-08-27|website=PV Tech|language=en-US}}</ref>
==History==
=== Founding === Xiaofeng Peng founded LDK Solar 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.<ref name='Board of Directors'>{{cite web |title=Board of Directors |url=http://www.ldksolar.com/Board%20of%20Directors.html |access-date=2008-09-03 |archive-date=2008-09-14 |archive-url=https://web.archive.org/web/20080914174905/http://www.ldksolar.com/Board%20of%20Directors.html |url-status=dead }}</ref> 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.<ref name='Asias Youngest Billionaires'>{{cite news |title=Asia's Youngest Billionaires |url=https://www.forbes.com/2008/09/03/asia-billionaires-wealth-biz-billies_cx_af_0903youngasiabillies_slide_4.html | access-date=2008-09-03 | work=Forbes |first=Andrew |last=Farrell}}</ref>
=== Production === LDK stated an annualized solar wafer capacity of 1.46 GW at the end of 2008, and 3GW at the end of 2010.<ref name="LDK Production">{{cite web |publisher=LDK Solar Co., Ltd |url=http://investor.ldksolar.com/phoenix.zhtml?c=196973&p=irol-newsArticle&ID=1240475&highlight= |archive-url=https://archive.today/20130128071828/http://investor.ldksolar.com/phoenix.zhtml?c=196973&p=irol-newsArticle&ID=1240475&highlight= |url-status=dead |archive-date=January 28, 2013 |title=Update of 4Q08 and 2009 Outlook |access-date=2009-01-05 }}</ref>
LDK 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.<ref name="LDK Production"/><ref name='Reuters 2007-09-07'>{{cite news | first=Matt | last=Daily |author2=Lewis Krauskopf |author3=Gerald E. McCormick | title=Fluor wins $1 bln contract for LDK Solar plant | date=2007-09-07 | publisher=Reuters | url =https://www.reuters.com/article/tnBasicIndustries-SP/idUSN0719350220070907 | access-date = 2008-02-24 }}</ref>
A second polysilicon plant was bought by LDK from Sunways AG, and entered production phase at the end of 2008.<ref name="LDK Production"/> On January 16, 2009, LDK announced the completion of their first polysilicon production run from their Sunways Plant [https://web.archive.org/web/20090123175252/http://www.pv-tech.org/news/_a/ldk_solar_starts_polysilicon_production].
=== Bankruptcy === Despite rapid growth fueled by vertical integration—enabling cost reductions through control over each stage—LDK faced financial difficulties amid industry oversupply and price declines. It filed for bankruptcy protection between 2014–2015 but remains recognized for its technological contributions to large-format casting mono wafers (“210mm Casting Mono”) that have won industry awards.<ref>{{Cite web |title=LDK Solar Co., Ltd. News & Article Archives |url=https://solarmagazine.com/entities/ldk-solar-co-ltd/ |access-date=2025-12-05 |website=Solar Magazine |language=en-US}}</ref> LDK and its Chinese subsidiaries were forced into bankruptcy in 2015.<ref name=":0" />
==References==
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==External links== * [http://www.ldksolar.com LDK Solar Co., Ltd.] - ''Official Website''
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Category:Companies formerly listed on the New York Stock Exchange Category:Solar energy in China Category:Technology companies of China Category:Renewable energy technology companies Category:Companies based in Jiangxi Category:Manufacturing companies established in 2005 Category:Chinese companies established in 2005 Category:Companies that filed for Chapter 11 bankruptcy in 2014 Category:Companies that have filed for bankruptcy in China Category:Chinese brands Category:Xinyu