Friday, October 21, 2011

Suntech response to solar trade petition

SAN FRANCISCO, USA: Suntech Power Holdings Co. Ltd, the world's largest producer of solar panels, offers the following statement regarding Solarworld's petition filed simultaneously with the US International Trade Commission (ITC) and the US Department of Commerce (DOC).

"We're currently reviewing the petition filed with the US International Trade Commission and the US Department of Commerce. Anyone can file one of these actions; having filed an action is in no way a validation from the US government as to the merits of the action. Companies listed in the petition are not subject to a single blanket judgment, and each individual company, including Suntech, will respond in accordance with ITC and DOC guidelines.

"As a global company listed on the NYSE, we are confident in our position and well-prepared to substantiate our strict adherence to fair international trade practices. Until the issue is resolved, we will continue to work with our customers and partners to ensure business as usual."

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