Suntech Power Holdings,a China-based producer of solar panels,has issued a statement regarding the US Department of Commerce's preliminary decision to impose anti-dumping duties of 31.22%on Suntech's crystalline silicon solar cells imported from China.
"These duties do not reflect the reality of a highly-competitive global solar industry.Suntech has consistently maintained a positive gross margin as revenues are higher than our cost of production.We will work closely with the Department of Commerce prior to their final decision to demonstrate why these duties are not justified by fact,"said Andrew Beebe,Suntech's CCO.
"As a global company with global supply chains and manufacturing facilities in three countries,including the United States,we are providing our US customers with hundreds of megawatts of quality solar products that are not subject to these tariffs,"continued Beebe.
"Despite these harmful trade barriers,we hope that the US,China and all countries will engage in constructive dialogue to avert a deepening solar trade war.Suntech opposes trade barriers at any point in the global solar supply chain.All leading companies in the global solar industry want to see a trade war averted.We need more competition and innovation,not litigation,"continued Beebe.
