DGAP-News: SolarWorld AG / Key word(s): Miscellaneous/Miscellaneous
SolarWorld AG welcomes U.S. trade decision on anti-dumping duties
17.12.2014 / 09:06
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December 17, 2014
Corporate News SolarWorld AG
(International Securities Identification Numbers Share: DE000A1YCMM2)
(International Securities Identification Numbers Bonds: DE000A1YDDX6 and
DE000A1YCN14)
SolarWorld AG welcomes U.S. trade decision on anti-dumping duties
The U.S. Department of Commerce today announced that it would impose
anti-dumping duties higher than 50 percent on U.S. imports of solar power
products from China and about 20 percent from Taiwan in cases brought by
SolarWorld Industries America Inc., a subsidiary of German solar company
SolarWorld AG.
The company welcomed the U.S. government decision. Dr.-Ing. E. h. Frank
Asbeck, Chief Executive Officer of SolarWorld AG: "The U.S. government is
serious in taking action against illegal dumping from China. Thus, fair
competition can return to the U.S. market. Now the market will reward
producers that offer the best quality and competitive prices, not those
gaining the most improper government aid for exports, as Chinese
competitors do."
In Hillsboro/Oregon, SolarWorld operates the largest and most advanced
solar photovoltaics production facility in the United States. In the third
quarter of 2014, the growing U.S. solar market accounted for more than 40
percent of SolarWorld's sales. As in Europe, where SolarWorld also is the
largest solar manufacturer with its production in Germany, SolarWorld
places its chief focus on the quality, durability and efficiency of its
solar products.
Today's decision of the Department of Commerce is the second last step to
finalized duties in the U.S., on which the U.S. International Trade
Committee will decide end of January. In the past, commissioners voted only
favorably for the U.S. solar industry's interest in fair competition. The
new measures would complement the existing duties in place since December
2012 against solar modules containing cells from China and would end the
circumvention committed on a large scale by Chinese companies.
SolarWorld REAL VALUE: SolarWorld manufactures and sells solar power
solutions and in doing so contributes to a cleaner energy supply worldwide.
The group, headquartered in Bonn, Germany, employs approximately 3,400
people and carries out production in Freiberg, Germany; Arnstadt, Germany;
and Hillsboro, USA. From raw material silicon to solar wafers, cells and
modules, SolarWorld manages all stages of production â including its own
research and development. Through an international distribution network
with locations in Europe, USA, Singapore and South Africa, SolarWorld
supplies customers all over the world. The company maintains high social
standards at all locations across the globe, and has committed itself to
resource- and energy-efficient production. SolarWorld was founded in 1998
and has been publically traded on the stock market since 1999. More
information at www.solarworld.de/en.
Contact:
SolarWorld AG, Press
Phone: +49 228/55920-409; Fax: +49 228/55920-9409
Email: press@solarworld.de
Internet: www.solarworld.de
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17.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃe 24
53175 Bonn
Germany
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14
WKN: A1YCMM, A1YDDX, A1YCN1
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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306293 17.12.2014
DGAP-News: SolarWorld AG welcomes U.S. trade decision on anti-dumping duties
| Source: EQS Group AG