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 November 17, 2015 - 9:00 AM EST
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Astronergy To Withdraw from MIP

HANGZHOU, China, Nov. 17, 2015 /PRNewswire/ -- Chint Solar (Zhejiang) Co. Ltd. (Astronergy) has made the decision to withdraw from the acceptance of the Undertaking in connection with the Anti-dumping and Countervailing measures on imports of crystalline silicon photovoltaic modules a originating in or consigned from the People's Republic of China.

EU Commission previously pointed out that two Astronergy production factories both in China and in EU would cause concern of EU Commission for the future MIP undertaking obligation implementation and operation by potential cross subsidy risks.

To avoid any potential risks between these two factories under MIP undertaking system, Astronergy must decide to pick one factory out of these two to supply EU region. Astronergy finally chose its German factory (Astronergy Solarmodules GmbH) for continuous supply in the EU region, which means its China factory, as the sole undertaking entity, has to be excluded. Picking the German factory is a difficult decision. However, the creation of 270 jobs in Frankfurt (Oder), Germany will have a significant and positive contribution to the EU due to Astronergy's decision.

To address again here, Chint Solar (Zhejiang) Co., Ltd was the only entity involved in the MIP undertaking. Other entities of Astronergy including its Germany factory are not parts of undertaking and will not be affected by the exclusion from MIP undertaking. Sufficient supply from Astronergy Solarmodules GmbH and Astronergy's other global production sites will not impact any business and orders for EU customers.

"We are fully committed to EU region with the consideration of our global manufacturing deployment and future development plan to serve our customers with high-end and quality products. Europe is still a very important market for us. Following the exit from the Undertaking, Astronergy will focus on and continue providing the high-end and quality products and services to our valued customers in Europe from our Germany factory. Meanwhile, Astronergy are also speeding up the global deployment steps to provide our customers more alternative products solution and options with abroad production facilities. The production in the German factory as part of European Union is not affected in the anti-dumping and anti-subsidy proceeding. We believe products from our Germany factory and our OEM factories abroad shall be more competitive in countries and regions with trade barriers, such as EU Countries and the USA," commenteDr. Lu Chuan, the Executive Vice President of Astronergy.

For more information contact:

Wanshu Hu

To view the original version on PR Newswire, visit:

SOURCE Astronergy

Source: PR Newswire (November 17, 2015 - 9:00 AM EST)

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