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SolarWorld Welcomes Decision on Antidumping Duties up to 250 percent on Solar Products from China

Final judgment by U.S. Department of Commerce expected in second half of the year

18-05-12

SolarWorld AG welcomes the preliminary decision of the U.S. Department of Commerce to impose antidumping duties on solar products imported from China as another important step in the direction of re-establishing fair competition. Depending on the brand, the antidumping duties range between 31.14 and 249.96 percent, the department communicated today (local time). In March, the department imposed anti-subsidy duties of between 2.9 and 4.7 percent on Chinese solar products. These two types of duties are additive.

With these decisions, the Department of Commerce gives preliminary approval of petition by the U.S. subsidiary of the German solar group SolarWorld AG against Chinese export subsidies and dumping prices. The duties apply to crystalline silicon cells and panels from China. The final judgment on the anti-subsidy and antidumping duties is expected to be handed down on Oct. 1. Until then, the Department of Commerce will more deeply examine questionable subsidies and dumping prices.

In addition to its production in Germany, SolarWorld AG operates the largest production site for solar power technology in the US in Hillsboro, Oregon, and leads a group of U.S. solar manufacturers who are fighting against unfair competition. “The decision by the U.S. Department of Commerce today encourages us to believe that we can return to fair competition. It is also a signal for Europe, where comparable measures need to take effect. The illegal Chinese trade practices destroy the solar market and jeopardize many jobs,” explained Dr.-Ing. E.h. Frank Asbeck, CEO of SolarWorld AG.

About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems of all sizes, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany. The group´s largest production facilities operate in Freiberg, Germany and Hillsboro in the U.S. State of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs about 3,300 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and ÖkoDAX as well as in the sustainability index NAI.

Contact:
SolarWorld AG
Martin-Luther-King-Str. 24
53175 Bonn
Tel.: +49 (0) 228/55920-409
E-Mail: laura.przybilla@solarworld.de
Internet: www.solarworld.de



 
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