Home Must Reads SolarWorld will survive, CEO says

SolarWorld will survive, CEO says

| Print |  Email
Must Reads
Thursday, February 07, 2013

SolarWorld CEO Frank Asbeck says SolarWorld will survive its fiscal crisis that dropped share prices by 31% in a day.

But Asbeck, 53, told The Oregonian in an interview by email that he fully intends to lead SolarWorld through the crisis that affects not just his business but solar companies worldwide as prices hit new lows. He blames manufacturers' woes on China's government, docked by U.S. trade agencies for subsidizing Chinese companies, which dumped solar panels at below cost in the United States. Importers of Chinese solar panels must now pay U.S. tariffs.

"Every day we fight hard against Chinese dumping, and our people are continuously improving our performance, too," Asbeck said. "We know our business plan is strong, but only if we can restructure our debt and halt illegal Chinese trade practices."

Read more at OregonLive.com.

{biztweet}solarworld{/biztweet}

 

Comments   

 
Guest
0 #1 BANKRUPTCY!Guest 2014-01-23 19:29:39
It's ironic that Solar World blames it's woes on China when these same suppliers approached them for silicon supply several years ago and were turned down due to a booming business on the silicon side. Yes, price gouging at $500+ kg was going on, so China decided to produce their own product for the world's consumers at $25/kg. This of course dropped the price per watt on a solar module down from $4.50 to under a $1.00. The American consumer embraces these lower costs. There are an estimate 140,000 viable jobs in the solar sector in the USA. The majority are courtesy of our Chinese partners and providers of this coveted product. I wonder if Mr. Aspeck also has a problem with China carrying in excess of three trillion in US debt? I believe that DUMPING accusations are unfounded and truly wish that SolarWorld like all companies that fail to compete, just simply fade away. Welcome to America my German friends. The land of opportunity, but where ONLY THE STRONG SURVIVE.
Quote | Report to administrator
 

More Articles

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


Read more...

Knight Vision

October 2014
Thursday, September 25, 2014
BY VIVIAN MCINERNY

Travis Knight wants to release a movie a year. Can he pull it off?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS