REC regrets the escalation in solar industry trade war and denies any wrongdoing
(Thomson Reuters ONE) -
Sandvika, July 20, 2012: REC Silicon has been named a respondent in a trade case
filing initiated by Chinese producers against polysilicon imports from United
States into China. REC Silicon denies any wrongdoing in this respect and regrets
this escalation of the solar industry trade war.
REC believes that this trade case has been provoked by the solar trade war
initiated by SolarWorld in the United States which has resulted in the
imposition of preliminary antidumping and countervailing duties against Chinese
solar cells being imported into the United States. REC has opposed the imposed
import duties in the US, and has voiced its opposition to a threatened trade
case against Chinese made solar modules imported into Europe.
REC is disappointed at the escalation of the trade war with the recent filing
and is regretful of the prospect of increased costs across solar industry. REC
Silicon values its Chinese customers highly, and does not believe it has engaged
in price discrimination or unfair or illegal international trade in the export
of its US made polysilicon to China and will defend itself in relation to any
such charges.
REC firmly believes that cost reductions are needed throughout the entire the
solar energy value chain in order to make solar energy cost competitive and
thereby promote the adaption of solar energy globally. REC continues to reduce
the cost of solar energy through the development of its proprietary, energy
efficient Fluid Bed Reactor production process for the manufacture of
polysilicon, the key feedstock in PV solar modules.
REC urges the U.S. and China to engage in constructive dialogue to prevent this
destructive trade war.
For more information, please contact:
In Norway: John Andersen, Jr., EVP & Group COO; +47 901 74 080
In the US: Francine Sullivan, VP Legal & General Counsel, REC Silicon;
+1 509 750 1133
About REC
REC is a leading vertically integrated solar energy company. REC produces
polysilicon, wafers, cells and modules for the solar industry, and silicon
materials for the electronics industry. REC also engages in project development
in selected PV segments. Founded in Norway in 1996, REC employs around 3,100
people globally with revenues of more than NOK 13 billion in 2011. Please visit
www.recgroup.com to learn more about REC.
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Source: Renewable Energy Corporation ASA via Thomson Reuters ONE
[HUG#1628311]
Unternehmensinformation / Kurzprofil:
Datum: 20.07.2012 - 14:07 Uhr
Sprache: Deutsch
News-ID 167271
Anzahl Zeichen: 3134
contact information:
Town:
Sandvika
Kategorie:
Business News
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"REC regrets the escalation in solar industry trade war and denies any wrongdoing"
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