Bloomberg News

Solarworld to Lodge China Dumping Complaint in Europe Mid-Year

May 18, 2012

Solarworld AG (SWV), Germany’s biggest solar-panel maker, will bring an antidumping complaint against Chinese rivals in Europe by mid-year after action in the U.S. led to duties being imposed on imports from the Asian country.

The U.S. decision “is a first step so that we can return to fair competition based on technology,” Chief Executive Officer Frank Asbeck said today by phone. “It’s a signal for Europe, where we plan to file a similar complaint at mid-year.”

The U.S. Commerce Department yesterday imposed preliminary antidumping duties from 31 percent to 250 percent depending on the company after ruling Chinese manufacturers sold products below cost. The ruling followed complaints from the industry including the U.S. unit of Solarworld.

The companies argued Chinese peers such as Suntech Power Holdings Co., the world’s largest solar-panel maker, and Trina Solar Ltd. (TSL:US) are benefiting from government subsidies.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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Companies Mentioned

  • TSL
    (Trina Solar Ltd)
    • $8.12 USD
    • 0.38
    • 4.68%
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