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

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


Read more...

Raising the Stakes

February 2015
Monday, January 26, 2015
BY LINDA BAKER

The 2014 Bend Venture Conference set a record for the most cash, investments and prizes awarded at an angel conference in the Pacific Northwest. Investments in the six winning companies exceeded $1 million. The 11th annual conference was hosted by Economic Development of Central Oregon.


Read more...

Old school: Paulsen's Pharmacy maintains old fashion ethos

The Latest
Thursday, December 18, 2014
121914-pharmacy-thumbBY MEGHAN NOLT

VIDEO: Under the radar — complete with a soda counter, the traditional Paulsen's Pharmacy looks to compete with big box retailers.


Read more...

Crowdfunding 2.0

News
Tuesday, December 02, 2014
120214-crowdfund-thumbBY LINDA BAKER

A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Read more...

The Carbon Calculus

February 2015
Friday, January 23, 2015
BY KIM MOORE | OB RESEARCH EDITOR

Carbon pricing is gaining momentum in Oregon, sparking concern for energy-intensive businesses — but also opportunity to expand a homespun green economy.


Read more...

Imperial Palate

February 2015
Tuesday, January 27, 2015

Power Lunch at the Imperial.


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