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News Breaks
November 9, 2012
05:30 EDTJKSJinkoSolar comments on final ITC rulings on imported Chinese solar products
JinkoSolar Holding commented on the final determination of injury by the U.S. International Trade Commission, or USITC, concerning the anti-dumping duty, or AD, and countervailing duty, or CVD, investigation of imports of crystalline silicon photovoltaic cells and modules from the People's Republic of China. The USITC finally determined that imports of crystalline silicon photovoltaic cells and modules from China "materially injure" a U.S. industry, but the USITC did not make an affirmative determination regarding critical circumstances. As a result, the Company will face AD at 15.42% and CVD at 15.24% for the cells and modules imported into the U.S. after the respective date of the preliminary determinations on AD and CVD were issued by the Department of Commerce. Chairman Xiande Li commented: "We are disappointed with the ITC's final determination on the injury. While the decision was partially favorable to us, we believe that this ruling will have negative effects globally and will ultimately end up hurting consumers. Trade protectionism benefits no one and will only hinder the solar market's development. Despite the circumstances, we remain fully committed to our customers in the U.S. and are prepared to meet our contractual commitments there. As we have stated before, these tariffs are unlikely to have an impact on our business as the U.S. continues to account for a fairly small percentage of our total module shipments. We are still strongly dedicated to the success of JinkoSolar in the U.S.."
News For JKS From The Last 14 Days
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July 6, 2015
09:53 EDTJKSTrina Solar refutes report of plant rejection, pv magazine says
After Malaysian Reserve reported over the weekend that Trina Solar's (TSL) application to build a manufacturing plant in Malaysia was rejected, the company refuted the report to pv magazine. Trina told the magazine, "We do not currently have any active applications to set up manufacturing facilities, nor do we have any plans in the immediate future to set up any facilities in Malaysia." Reference Link
09:48 EDTJKSMalaysia rejects Trina Solar plant application, Malaysian Reserve says
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June 29, 2015
09:06 EDTJKSJinkoSolar considering privatization, says Roth Capital
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