Solarworld Prepping Anti-Dumping Complaint against China

26/07/2012 12:00 - 392 Views

Solarworld AG (SWV), Germany’s biggest solar-panel maker, is preparing to file an anti-dumping complaint with the European Commission against Chinese manufacturers.

“Together with several European solar companies, SolarWorld is working on a complaint against dumping prices of Chinese manufacturers,” Milan Nitzschke, a spokesman for Bonn- based Solarworld, said in an e-mail today. The group will publish another announcement on the issue at the end of the week, he said.

The complaint highlights growing tensions with China over its aid for renewable-energy companies. A similar filing in the U.S., led by Solarworld’s U.S. unit, resulted in preliminary anti-dumping duties on Chinese solar manufacturers after the U.S. Commerce Department in May ruled they sold products below cost. The U.S. duties range from 31 percent to 250 percent.

Germany’s Environment Minister Peter Altmaier said July 19 the country would support the Commission if it were to start an anti-dumping procedure.

“An action of the EU on behalf of fair competition and the rules of the EU is urgently necessary,” Nitzschke said.

Solarworld will want to show an overwhelming majority of producers support the measure so that the European Commission finds reasons to hear the case, a team of Jefferies Group Inc. analysts said in a note to investors on June 28. The case may start 45 days after a complaint is filed, they said.

“Although the duties might be smaller and the likelihood of anti-dumping duties is somewhat lower than in the U.S., the size of the European PV market would make it hard for Chinese cell suppliers to circumvent any duties,” Jefferies said.

Jul 25, 2012 6:59 AM GMT+0700

By Ehren Goossens

Source: Bloomberg.com

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