DGAP-News: SolarWorld AG focuses on its production sites in Germany and the US
(firmenpresse) - DGAP-News: SolarWorld AG / Key word(s): Miscellaneous
SolarWorld AG focuses on its production sites in Germany and the US
29.06.2011 / 17:11
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SolarWorld AG focuses in its further growth on its production sites in
Germany and the US. Its shares in the Joint Venture production site in
South Korea were sold at a profit today. Thus, the German manufacturer of
premium solar power modules has specifically decided in favor of production
at locations with the highest quality, environmental and social standards.
The capacities of the group in Freiberg/Saxony and in the US production
locations at Camarillo/California and Hillsboro/Oregon are currently being
expanded. By the end of the year, the combined module production there will
be ramped up to a total production capacity of more than one Gigawatt.
'We are consistently continuing our strategy of making our premium product
and premium locations', says Chairman and CEO of SolarWorld AG, Dr.-Ing.
E.h. Frank Asbeck: 'A solar power system is an investment for generations.
We guarantee 25 years of reliable output. But the life of our solar power
systems is far longer. That cannot be guaranteed if you rely on a low-cost
location'.
SolarWorld AG is thus differentiating itself from many competitors who are
moving their production to Asia because of allegedly lower wage costs.
SolarWorld AG reaches its continuous cost reduction with the help of the
most advanced equipment, highly automated manufacturing processes and
optimum logistics. The share of labor costs in the SolarWorld high-tech
products amounts to less than ten percent and is thus not the crucial cost
factor. Dr.-Ing. E.h. Frank Asbeck: 'In this respect we prefer to rely on
top specialists at top locations to attain our top SolarWorld quality.'
In view of constantly declining product costs it is especially the
transport costs that are getting more and more important. On the way from
Asia to Europe and to the US these are substantially higher than the other
way round which international container vessels frequently travel empty.
This is why SolarWorld AG will supply solar power technology to the growing
Asian market out of the US and Germany via SolarWorld Asia
Pacific/Singapore in the future.
The company expects the largest sales growth in the US this year. 'Thanks
to the logistics advantages of our on-the-spot production and our already
established distribution networks we expect to be able to more than triple
our sales', explains Dr.-Ing. E.h. Frank Asbeck. The current sales figures
confirm this trend. Thus, the group's sales in the US market by June this
year already match total annual sales of the previous year. At the same
time the group is expecting an impetus for the European markets in view of
the current legislation to fund renewable energies in Germany and the other
European countries. Dr.-Ing. E.h. Frank Asbeck: 'People want to generate
their own power in the future, solar power for self-consumption - clean and
cost-efficient with the power of the sun. To this end they need reliability
and quality. And that is precisely what we deliver to them - made in
Germany and made in the US'.
About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a
worldwide leader in offering brand-name, high quality, crystalline solar
power technology. Its strength is its fully integrated solar production.
From silicon as the raw material through wafers, cells and modules 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 quality
modules into the installation and distribution trades and crystalline
wafers to the international solar cell industry. Group headquarters are
located in Bonn, Germany. 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 care projects using off-grid solar-power
solutions in developing countries, exemplifying sustainable economic
development. Worldwide, SolarWorld employs more than 3,600 people.
SolarWorld AG has been quoted on the stock exchange since 1999 and today is
listed on, among others, the TecDAX andÖkoDAX as well as in the
sustainability index NAI.
Contact:
SolarWorld AG
Press Department
Tel: 0228/55920-400
E-Mail: presse(at)solarworld.de
Investor Relations
Tel: 0228/55920-470
Fax: 0228/55920-9470
E-Mail: placement(at)solarworld.de;
Internet: www.solarworld.de
End of Corporate News
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29.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: SolarWorld AG
Martin-Luther-King-Straße 24
53175 Bonn
Deutschland
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: placement(at)solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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130218 29.06.2011
Datum: 29.06.2011 - 17:11 Uhr
Sprache: Deutsch
News-ID 34502
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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