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Date Announced: 21 Oct 2011
Chinese company responds to allegations of illegal subsidies distorting the US photovoltaics market.
BAODING, China, Oct. 21, 2011 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE:YGE - News) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic ("PV") manufacturers, which markets its products under the brand "Yingli Solar", today issued the following statement in response to petitions filed by SolarWorld Industries America Inc. ("SolarWorld America") with the U.S. Department of Commerce and the International Trade Commission.
"We and our counsel are reviewing the petitions, which have just been filed. We would like to remind everyone that such petitions obviously present only the views of one side, and only a partial view of a very complicated story. As a NYSE-listed public company with global presence, we have been holding ourselves to the highest standard of fair international trade practices. We are confident in our position and we intend to mount a vigorous defense. We are committed to the U.S. market for the long run, since we have faith in our products and technology and believe that we are well positioned to continue to compete effectively in the U.S. market."
Source: Yingli Green Energy
E-mail: ir@yinglisolar.com
Web Site: www.yinglisolar.com
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