In a statement released, Trina said its streamlining plans will help it to become more competitive in the current challenging solar market environment. Without divulging specific details, the Chinese manufacturer said it will separate its photovoltaic module and systems business units, and undertake a program to reduce operating expenses. This, it said, "will involve some headcount reductions".
Commenting, chairman and CEO, Jifan Gao stated, "These measures will enhance the Company’s agility in responding to the needs of different customers and commercial opportunities. The Company also hopes that these initiatives will allow us to improve our competitiveness and elevate our standing as an industry leader in measures beyond cost leadership."
"This streamlining is planned to enhance management efficiency. Going forward, our continued success in the solar PV industry will largely depend upon our ability to strategically allocate our resources in the most efficient manner," added CFO, Terry Wang.
pv magazine has contacted Trina for more information.
Trina also announced yesterday that it had been recognized by the Boston Consulting Group (BCG) as one of the 50 "Chinese global challengers". "We selected a group of companies in order to celebrate their accomplishments and to bring to life the accomplishments of China-based companies generally in entering the global economy," said Ted Chan, a BCG partner and co-author of the report, ‘2012 BCG 50 Chinese Global Challengers: End of Easy Growth’.