REC encourages dialogue and recommends a conciliatory solution in the solar trade disputes
(Thomson Reuters ONE) -
Sandvika - July 19, 2013: Yesterday China announced introduction of preliminary
anti-dumping duties of up to 57 percent on polysilicon produced in the US and
South Korea from July 24, 2013. REC Silicon where assigned an preliminary anti-
dumping duty of 57 percent. China has signaled that a final determination is
scheduled for late 2013.
"We strongly regret the escalation of the solar industry trade disputes between
Europe, China and the US. We hope that the US and Chinese authorities will
continue the constructive dialogue on this important matter to find a solution
which secures open and fair competition", says Ole Enger, CEO & President, REC.
REC believes that import duties are not in the interest of the solar industry
because trade restrictions will reduce competitiveness and hence the uptake of
the much needed solar energy solutions. REC continues to promote the adaption of
solar energy globally by reducing the cost of solar energy through focus on
cost-efficient operation and the use of advanced technology.
REC has highly valued polysilicon customers in China, and will in close dialogue
with these partners work to mitigate the impact of the imposed import
tariffs.REC will furthermore continue to co-operate with the Chinese Ministry of
Commerce (MOFCOM) in their on-going AD/CVD duty investigation leading up to the
Final Determination, scheduled for late 2013.
For further information please contact:
In Norway:
Mikkel Tørud, SVP Investor Relations & Business Development, REC
Telephone: +47 976 99 144
Email: mikkel.torud(at)recgroup.com
In the US:
Francine Sullivan, Corporate Counsel, REC Silicon
Telephone: +1 509 750 1133
Email: francine.sullivan(at)recgroup.com
About REC:
REC is a leading global provider of solar electricity solutions. With nearly two
decades of expertise, we offer sustainable, high-performing products, services
and investment opportunities for the solar and electronics industries. Together
with our partners, we create value by providing solutions that better meet the
world's growing electricity needs. Our 2,300 employees worldwide generated
revenues of more than NOK 7 billion in 2012, approximately EUR 1 billion or USD
1.3 billion.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Renewable Energy Corporation ASA via Thomson Reuters ONE
[HUG#1717650]
Unternehmensinformation / Kurzprofil:
Datum: 19.07.2013 - 14:35 Uhr
Sprache: Deutsch
News-ID 280071
Anzahl Zeichen: 3152
contact information:
Town:
Sandvika
Kategorie:
Business News
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"REC encourages dialogue and recommends a conciliatory solution in the solar trade disputes"
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