DGAP-News: SolarWorld AG welcomes U.S. trade decision on

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Dec 17, 2014 at 3:15 AM

DGAP-News: SolarWorld AG welcomes U.S. trade decision on anti-dumping duties

DGAP-News: SolarWorld AG / Key word(s): Miscellaneous/Miscellaneous SolarWorld AG welcomes U.S. trade decision on anti-dumping duties 17.12.2014 / 09:06 --------------------------------------------------------------------- December 17, 2014 Corporate News SolarWorld AG (International Securities Identification Numbers Share: DE000A1YCMM2) (International Securities Identification Numbers Bonds: DE000A1YDDX6 and DE000A1YCN14) SolarWorld AG welcomes U.S. trade decision on anti-dumping duties The U.S. Department of Commerce today announced that it would impose anti-dumping duties higher than 50 percent on U.S. imports of solar power products from China and about 20 percent from Taiwan in cases brought by SolarWorld Industries America Inc., a subsidiary of German solar company SolarWorld AG. The company welcomed the U.S. government decision. Dr.-Ing. E. h. Frank Asbeck, Chief Executive Officer of SolarWorld AG: "The U.S. government is serious in taking action against illegal dumping from China. Thus, fair competition can return to the U.S. market. Now the market will reward producers that offer the best quality and competitive prices, not those gaining the most improper government aid for exports, as Chinese competitors do." In Hillsboro/Oregon, SolarWorld operates the largest and most advanced solar photovoltaics production facility in the United States. In the third quarter of 2014, the growing U.S. solar market accounted for more than 40 percent of SolarWorld's sales. As in Europe, where SolarWorld also is the largest solar manufacturer with its production in Germany, SolarWorld places its chief focus on the quality, durability and efficiency of its solar products. Today's decision of the Department of Commerce is the second last step to finalized duties in the U.S., on which the U.S. International Trade Committee will decide end of January. In the past, commissioners voted only favorably for the U.S. solar industry's interest in fair competition. The new measures would complement the existing duties in place since December 2012 against solar modules containing cells from China and would end the circumvention committed on a large scale by Chinese companies. SolarWorld REAL VALUE: SolarWorld manufactures and sells solar power solutions and in doing so contributes to a cleaner energy supply worldwide. The group, headquartered in Bonn, Germany, employs approximately 3,400 people and carries out production in Freiberg, Germany; Arnstadt, Germany; and Hillsboro, USA. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production â including its own research and development. Through an international distribution network with locations in Europe, USA, Singapore and South Africa, SolarWorld supplies customers all over the world. The company maintains high social standards at all locations across the globe, and has committed itself to resource- and energy-efficient production. SolarWorld was founded in 1998 and has been publically traded on the stock market since 1999. More information at www.solarworld.de/en. Contact: SolarWorld AG, Press Phone: +49 228/55920-409; Fax: +49 228/55920-9409 Email: press@solarworld.de Internet: www.solarworld.de --------------------------------------------------------------------- 17.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: SolarWorld AG Martin-Luther-King-StraÃe 24 53175 Bonn Germany Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 9470 E-mail: placement@solarworld.de Internet: www.solarworld.de ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14 WKN: A1YCMM, A1YDDX, A1YCN1 Listed: Regulierter Markt in DÃ¼sseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, MÃ¼nchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 306293 17.12.2014

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