SolarWorld Comments on Trade Action

HILLSBORO, Ore.--()--The following statement is attributable to Juergen Stein, U.S. president of SolarWorld:

“The case of Suniva dramatically demonstrates that the U.S. solar manufacturing industry still suffers from unfair trade. In particular, highly subsidized Chinese companies as well as other producers are globally dumping their products, forcing competitors to take losses, lay off workers and exit the market. SolarWorld has fought decisively against this kind of unfair competition for many years. China now has managed to circumvent and violate existing trade defense measures in several ways and again incited a ruinous price race to the bottom, destroying U.S. manufacturing jobs. SolarWorld – as the largest U.S. crystalline-silicon solar manufacturer, with more than 40 years of U.S. manufacturing experience – will assess the case brought by Suniva but prefers that any action to be taken against unfair trade shall consider all parts of the U.S. solar value chain. We're committed to helping to find a way that also considers the interests of other parties playing fair in the U.S. solar market.”

About SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar power solutions and, in doing so, contributes to a cleaner energy supply worldwide. The group, headquartered in Bonn, Germany, employs 3,292 people and operates facilities in Freiberg and Arnstadt, Germany, and Hillsboro, Oregon, USA, as well as in a joint venture with Qatar Solar Technologies. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production ‒ including research and development in its own company, SolarWorld Innovations. Through an international distribution network with locations in Europe, USA, Singapore, Japan, South Africa and Qatar, SolarWorld supplies customers all over the world. The company upholds high social standards and commits itself to resource- and energy-efficient production. With its program Solar2World, the company supports the expansion of solar power in developing countries. SolarWorld was founded in 1998 and has been publicly traded on the stock market since 1999. Connect with SolarWorld on Facebook, Twitter and www.solarworld.com.

Contacts

SolarWorld Americas Inc.
Ben Santarris, 503-693-5189
Mobile: 503-927-9858
Ben.Santarris@SolarWorld.com
Head of Corporate Communications

Release Summary

SolarWorld, the largest U.S. crystalline-silicon solar manufacturer for more than 40 years, issues a statement about the latest trade action relating to the U.S. solar industry.

Contacts

SolarWorld Americas Inc.
Ben Santarris, 503-693-5189
Mobile: 503-927-9858
Ben.Santarris@SolarWorld.com
Head of Corporate Communications