SolarWorld announces International Trade Commission ruling: Chinese imports are harming U.S. solar manufacturing industry

Federal investigations into Chinese import practices will now focus on trade remedies

HILLSBORO, Ore., Dec. 2, 2011 – SolarWorld Industries America Inc. commended a key, unanimous U.S. trade determination issued today that Chinese imports of solar cells and panels into the United States have harmed American domestic solar manufacturers. The company said the resounding ruling confirms the position of a manufacturing coalition it leads that China’s systematic and state-sponsored unfair trade practices are anticompetitive.

The U.S. International Trade Commission ruling advances its investigation, along with a parallel U.S. Department of Commerce investigation, into whether the government should apply remedies to prevent further harm. The investigations began in response to petitions by SolarWorld Industries America Inc., the largest U.S. solar manufacturer, and the Coalition for American Solar Manufacturing (CASM), which represents more than 150 employers of more 11,000 workers. So far, CASM contends, China’s export drive has cost Americans about 2,000 direct jobs throughout the United States and many more at the subcontractor level.

“SolarWorld and countless other participants in the U.S. solar industry stand for sustainable production in the major markets where solar is sold, for healthy, international and sustainable competition, and for sustainable environmental practices in producing and deploying renewable energy,” said Gordon Brinser, president of SolarWorld Industries America Inc. and leader of CASM. “Conversely, nothing about China’s export campaign has proven to be sustainable, including its subsidized and dumped pricing.

“Today’s unanimous vote is another step toward restoring the healthy global competition in the solar industry that has reliably driven down production costs and prices by 10 percent or so a year for many years,” Brinser said. “We only ask for fair and legal competition, which is good for industry and consumers alike.”

In a letter to President Obama issued today, about 60 members of the U.S. Senate and House of Representatives concurred, raising concerns that China’s anticompetitive trade practices undermine innovation, jobs and efficiency. Obama has expressed similar concerns in response to questions about the case last month.

As soon as Jan. 12, the U.S. Department of Commerce could determine preliminary trade remedies as well as “critical circumstances,” meaning that China had mounted a surge of U.S. imports to circumvent the imposition of tariffs. If Commerce does both, importers would have to put up bonds or cash deposits on estimated duties on imports back to Oct. 14, 2011. On Nov. 9, the Commerce Department initiated its investigations and found that the domestic industry supported the petitions.

About SolarWorld (www.solarworld-usa.com)

SolarWorld (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high-quality, crystalline silicon solar-power technology. The company’s strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and panels 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 high-quality panels into the installation and distribution trades and wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany, with sales sites in Singapore, South Africa, Spain, France as well as in the U.S. state of California. 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 community aid 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.

Media Contact:

Devon Cichoski
Media relations manager
SolarWorld Americas
4650 Adohr Lane
Camarillo, CA 93012
Mobile: 805-377-2905
Office: 805-388-6388
devon.cichoski(at)solarworld-usa.com