September 7, 2007 / 1:27 PM / 12 years ago

UPDATE 1-Fluor wins $1 bln contract for LDK Solar plant

(Adds details on contract, background)

NEW YORK, Sept 7 (Reuters) - U.S. engineering and construction company Fluor Corp (FLR.N) said on Friday it won a contract worth more than $1 billion to provide engineering, design and other services for a polysilicon plant for LDK Solar Co Ltd LDK.N.

Fluor said it booked front-end engineering and design work in the third quarter, while the engineering, procurement and construction-management services would be booked in 2008.

The plant will be located in Xinyu City, China, adjacent to LDK Solar’s existing solar wafer manufacturing plant.

LDK, which makes multicrystalline solar wafers used in solar panels, has said it plans to reach polysilicon production capacity of 6,000 metric tons by the end of 2008 and 15,000 tons by the end of 2009.

Tight supplies of polysilicon have crimped expansion in the fast-growing solar market, and many companies have moved to develop their own supplies of the key solar cell component. (Reporting by Matt Daily and Lewis Krauskopf)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below