Jinko to push Asian expansion to make up for tension in Europe
Sep 7, 2012 - Chinese solar products maker JinkoSolar Holding Co Ltd (NYSE:JKS) said today it would keep expanding its business in China, South Africa, India and Australia limit the possible effect on its operations of the European Commision’s competition probe.
The European Commission (EC) initiated on Thursday an investigation into imports of solar products from China, in response to accusations from European companies that Chinese peers are selling at prices below market value. Jinko warned that trade protectionism would actually affect fair competition and serve as an obstacle to the progress of the photovoltaics (PV) industry.
"The company reaffirms that the unfair anti-dumping claims will not affect its operations and global strategy, and the company will actively contends against such unfair claims," Jinko said in the statement.
The EC’s investigation is to take 15 months. It is possible to impose provisional anti-dumping duties within nine months, provided there is sufficient evidence of dumping. A similar investigation in the US earlier this year led to preliminary anti-dumping tariffs of between 31% and 250% for China-made solar cells and modules.