Yingli Green Energy responds to US decision on anti-dumping tariffs
Friday 18 May 2012
Trina Solar makes statement on US anti-dumping duties
Suntech responds to preliminary decision on tariffs in US anti-dumping investigation of solar cells from China
Friday 18 May 2012
Yingli Green Energy Holding, a China-based solar energy company which markets its products under the brand "Yingli Solar", has commented on the preliminary anti-dumping tariff decision by the Department of Commerce regarding the import of China-based solar cells and solar modules to the US. According to the decision, Yingli will be part of the separate rates group, subject to a preliminary anti-dumping tariff of 31.18%. This is following the March 20 preliminary decision on anti-subsidy tariffs, where Yingli was given a negligible amount of 3.61%.
"We felt validated after the Department of Commerce's preliminary CVD decision in March, which determined that we are not being substantially subsidized as the petitioners claim. Today's preliminary anti-dumping tariff recommendation was not unexpected given the historical tariff levels in these types of cases. We will continue to aggressively defend ourselves and remain optimistic that we will persevere in the final determination," said Robert Petrina, managing director of Yingli Green Energy Americas, the firm's operating subsidiary in the US. "The overwhelming majority of the US solar industry supports access to affordable solar energy and fair market trade. We are grateful to the tens of thousands of US solar installers, developers, manufacturers, and suppliers who stand behind us today."
The Department of Commerce's recent rulings are preliminary findings. No final tariff decisions will be made until both the Department of Commerce and the International Trade Commission complete their investigations, which are scheduled to occur before the end of 2012.
"As we've stated before, tariffs are disruptive and destructive for the entire solar industry," said Liangsheng Miao, chairman and CEO of Yingli Green Energy. "We remain fully committed to serving the US market irrespective of the outcome of these proceedings, and we will continue to strive for a global, competitive marketplace."
Trina Solar makes statement on US anti-dumping duties
Trina Solar has issued a statement regarding the preliminary determination of anti-dumping duties by the US Department of Commerce (DOC).
"Trina Solar's innovation and globalization has helped to create great value for our stakeholders," said Jifan Gao, chairman and CEO of Trina Solar. "Current market conditions illustrate precisely why we have been conservative in the past, and why we place a priority on building a strong balance sheet. We believe that the quality of our panels and the strength of our team will ensure that we continue to serve the US market for the long term."
"We remain committed to the very close relationships we have developed in the US solar industry and will continue to deliver industry leading solutions together with these customers," added Mark Kingsley, CCO of Trina Solar. "Our primary objective remains to sustainably drive down total installed per watt cost through the use of our proprietary high-efficiency module know-how in combination with industry best practices on balance of system cost optimization. This is simply what is required to unlock the next level of fossil fuel replacement in the United States. Any duties are short-sighted impediments to this worthy goal."
Kingsley concluded, "We intend to strongly defend with data our position that these duties are unwarranted and serve as an impediment to the broader adoption of solar energy in a time of rising fuel costs. As a forward-thinking global company, we will continue to assess our options to most effectively serve all of our markets, including our growing business in the US."
Suntech responds to preliminary decision on tariffs in US anti-dumping investigation of solar cells from China
Suntech Power Holdings, a China-based producer of solar panels, has issued a statement regarding the US Department of Commerce's preliminary decision to impose anti-dumping duties of 31.22% on Suntech's crystalline silicon solar cells imported from China.
"These duties do not reflect the reality of a highly-competitive global solar industry. Suntech has consistently maintained a positive gross margin as revenues are higher than our cost of production. We will work closely with the Department of Commerce prior to their final decision to demonstrate why these duties are not justified by fact," said Andrew Beebe, Suntech's CCO.
"As a global company with global supply chains and manufacturing facilities in three countries, including the United States, we are providing our US customers with hundreds of megawatts of quality solar products that are not subject to these tariffs," continued Beebe.
"Despite these harmful trade barriers, we hope that the US, China and all countries will engage in constructive dialogue to avert a deepening solar trade war. Suntech opposes trade barriers at any point in the global solar supply chain. All leading companies in the global solar industry want to see a trade war averted. We need more competition and innovation, not litigation," continued Beebe.