Suntech responds to solar trade petition21. October 2011 | Top News, Industry & Suppliers, Trade cases | By: Shamsiah Ali-Oettinger
UPDATE: Yingli responds as well to petition. The Coalition for American Solar Manufacturing's petition protesting against Chinese photovoltaic manufacturers' supposed dumping prices has sparked a response from Chinese manufacturing giant Suntech Power Holdings.
The company has released a statement saying that the four-volume petition submitted by the so-called Coalition for American Solar Manufacturing, led by SolarWorld, is now being reviewed by Suntech. Suntech states that the companies that are named in the petition cannot be judged as one collective Chinese photovoltaic products manufacturing entity, but rather need to be addressed individually.
"We're currently reviewing the petition filed with the U.S. International Trade Commission and the U.S. Department of Commerce. Anyone can file one of these actions; having filed an action is in no way a validation from the US government as to the merits of the action," reads the company's response.
Suntech is a global company that is listed in the New York Stock Exchange and is also governed by the U.S. International Trade Commission and the U.S. Department of Commerce guidelines. Suntech remains confident that their position and well-preparedness to substantiate their strict adherence to fair international trade practices will see them through these accusations.
The Financial Times of Germany reported that SolarWorld is also preparing a further complaint against the Chinese dumping prices to the European Commission. Akin to the possibility in the U.S., is also an anti-dumping and anti-subsidy proceeding possible in the European Union. Higher import duties can be possibly slammed on Chinese PV products if the petition meets its goal. SolarWorld's Frank Asbeck stated that he is considering the possible measures at the moment to 'shake-up' Brussels and to ensure fair competition in the PV market.
Suntech ended its statement to the current situation with the business as usual strategy. "Until the issue is resolved, we will continue to work with our customers and partners to ensure business as usual."
Yingli Green Energy also released a statement on the petition submitted saying that such petitions represent only the views of one side and this is, furthermore, a very complicated story. Yingli also added that their position to continue to compete effectively in the U.S. market remains strong due to their commitment for the long run and their faith in their products and technology.
Tuesday, 25.10.2011 01:34
Considering that solar companies in general and Suntech specifically, are under investigation for fraud and tax evasion by the Chinese government (as shown on Chinese state controlled television), I find that any comment they make in their own defense, to be highly questionable.
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