Germany Seeking to File Anti-dumping And Anti-subsidy Charges Against Chinese PV Producers

[2012-02-23 13:56:46]


On February 22, German enterprise is fighting back against cheap Chinese photovoltaic imports, with the German Photovoltaics Industry Union seeking to file anti-dumping and anti-subsidy charges against Chinese PV producers with the European Union.

German media cited Frank Asbeck, chief executive officer of Solar World AG, as saying that Chinese PV makers are dumping their products onto the German market at a price that is 30 percent lower than those made by local companies.

Competition from China has battered the local PV industry; German solar battery maker Solon SE and Solar Millennium AG have already filed for bankruptcy, unable to compete with lower production costs in China.

That might play well with EU decision makers in Brussels.

Solar World is said to be the major force driving U.S. PV firms to launch anti-dumping and anti-subsidy investigations into Chinese firms.

A group of 14 Chinese PV companies including Suntech Power Holdings Co. Ltd. (NYSE:STP) and Yingli Green Energy Holdings Co. Ltd. (NYSE:YGE) have rejected those complaints.

Jiangsu-based Suntech, which is expected to sell almost 70 percent of its output to Germany this year according to industry website china5e.com, stands to suffer a huge blow if the German claims are supported by the EU.
Source: Business China
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