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

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...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


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...

Podcast: Interview with Steve Balzac

Contributed Blogs
Tuesday, August 19, 2014

082014BalzacBY TOM COX | OB BLOGGER

Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Molecular Movies

September 2014
Wednesday, August 27, 2014
BY LINDA BAKER

Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together. 


Read more...

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


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