DGAP-News: SMA Solar Technology AG Plans Inverter Factory in South Africa
(firmenpresse) - DGAP-News: SMA Solar Technology AG / Key word(s): Miscellaneous
SMA Solar Technology AG Plans Inverter Factory in South Africa
29.05.2013 / 11:20
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SMA Solar Technology AG - Corporate News Release
SMA Solar Technology AG Plans Inverter Factory in South Africa
Niestetal/Centurion, May 29, 2013 - SMA Solar Technology AG (SMA) will
expand its presence in South Africa. In addition to strengthening the
existing sales and service structures, SMA will set up a Sunny Central
inverter production in the growing market and, by doing so, will be able to
meet the local content requirements and be able to provide the necessary
capacities for the expected market growth quickly.
'South Africa has strategic importance for SMA. The country has good
economic growth with a corresponding increase in energy demand. Here,
photovoltaics is already a financially attractive alternative to other
forms of power generation. With the opening of our sales and service office
in Centurion last year, we have successfully launched in the rapidly
growing South African market. The planned production for central inverters
enables us to meet the local content requirements and thus to profit from
the expected future growth of the South African market,' explains SMA Chief
Executive Officer Pierre-Pascal Urbon.
Preparations for setting up the inverter production in South Africa have
already begun. The production will be just as flexible as existing SMA
inverter productions in Germany and North America. In this way, the company
can react quickly to changes in demand.
About SMA
The SMA Group generated sales of EUR1.5 billion in 2012 and is the global
market leader for solar inverters, a key component of all PV plants and,
as an energy management group, offers innovative key technologies for
future power supply structures. It is headquartered in Niestetal, near
Kassel, Germany, and is represented internationally in 21 countries. The
Group employs more than 5,000 people worldwide. SMA's broad product
portfolio includes a compatible inverter for every type of module on the
market and for all plant sizes. The product range includes both inverters
for photovoltaic plants connected to the grid as well as inverters for
off-grid systems. SMA is therefore able to provide ideal technical inverter
solutions for all plant sizes and types. Since 2008, the Group's parent
company, SMA Solar Technology AG, has been listed on the Prime Standard of
the Frankfurt Stock Exchange (S92) and also in the TecDAX index. In recent
years, SMA has received numerous awards for excellence as an employer and
achieved first place in the nationwide 'Great Place to Work(R)' competition
in 2011 and 2012 and fourth place in 2013.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Head of Corporate Communications:
Anja Jasper
Tel.: +49 561 9522-2805
Presse(at)SMA.de
Press contact:
Susanne Henkel
Manager Corporate Press
Tel.: +49 561 9522-1124
Fax +49 561 9522-421400
Presse(at)SMA.de
Investor Relations contact:
Julia Damm
Manager Investor Relations
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
IR(at)SMA.de
Disclaimer:
This Corporate News release serves only as information and does not
constitute an offer or invitation to subscribe for, acquire, hold or sell
any securities of SMA Solar Technology AG (the 'Company') or any present or
future subsidiary of the Company (together with the Company, the 'SMA
Group') nor should it form the basis of, or be relied upon in connection
with, any contract to purchase or subscribe for any securities in the
Company or any member of the SMA Group or commitment whatsoever. Securities
may not be offered or sold in the United States of America absent
registration or an exemption from registration under the U.S. Securities
Act of 1933, as amended.
This Corporate News release can contain future-oriented statements.
Future-oriented statements are statements which do not describe facts of
the past. They also include statements about our assumptions and
expectations. These statements are based on plans, estimations and
forecasts which the Managing Board of SMA Solar Technology AG (SMA or
company) has available at this time. Future-oriented statements are
therefore only valid on the day on which they are made. Future-oriented
statements by nature contain risks and elements of uncertainty. Various
known and unknown risks, uncertainties and other factors can lead to
considerable differences between the actual results, the financial
position, the development or the performance of the corporation and the
estimates given here. These factors include those which SMA has discussed
in published reports. These reports are available on the SMA website at
www.SMA.de. The company accepts no obligation whatsoever to update these
future-oriented statements or to adjust them to future events or
developments.
End of Corporate News
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29.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info(at)sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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