JinkoSolar (JKS) Issues Statement on EC Anti-Dumping Probe; Says Global Strategy Unaffected

September 7, 2012 6:45 AM EDT
JinkoSolar Holding Co., Ltd. (NYSE: JKS) states the anti-dumping allegations initiated by some European companies are both unfair and unfounded, and do not reflect the reality of the highly-competitive global solar industry. The company believes that trade protectionism will only harm fair competition in the market, hinder the development of the entire PV industry, and hurt PV consumers.

The company reaffirms that the unfair anti-dumping claims will not affect its operations and global strategy, and the company will actively contends against such unfair claims. The company believes that fairand transparent competition, rather than trade protectionism, will reduce the cost of photovoltaic application, improve the competitive advantage of solar energy over other energy sources, and ultimately promote the prosperity of the industry as a whole.

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