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

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

November/December Preview: Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Books Rule

October 2014
Thursday, September 25, 2014
BY JON BELL

Powell's stays relevant in the digital age.


Read more...

Downtime

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

I'm not very interesting,” says a modest Ray Di Carlo, CEO and executive producer of Bent Image Labs, an animation and visual effects studio.


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


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