SolarWorld boosts market position
Company officials boast acquisition of German facility
SolarWorld has improved its position in the global market, including the future of its Hillsboro manufacturing plan, by taking over much of Bosch Solar Energy, company officials have reported.
Acquiring Boschs facilities in Germany pushes Solarworld manufacturing capacity to new levels, allowing it to better compete against large government-backed plants in China.
Solarworlds representatives have blamed illegal dumping of Chinese-made solar products for forcing other manufacturers out of business.
Thanks to our technology leadership, our product reliability and quality and now the expansion of our production capacities SolarWorld is weathering the industrial wreckage that continues to accompany Chinas green-energy mercantilism, said Mukesh Dulani, president of Hillsboro-based SolarWorld Industries America Inc. Meantime, the value of SolarWorlds high product and production standards to back solar solutions guaranteed to perform for decades is becoming increasingly clear within our markets.
Solarworld will acquire Boschs assets, including about 800 employees, as it finalizes a restructuring process that has lasted most of 2013.
SolarWorld won U.S. anti-dumping and anti-subsidy trade cases against Chinas state-sponsored industry earlier this year, but company officials contend Chinese companies are using a loophole to continue illegal trade practices.Add a comment