CHANGZHOU, China, July 7, 2015 /PRNewswire/ -- Trina Solar Limited
(NYSE: TSL) ("Trina Solar" or the
"Company"), a global leader in photovoltaic ("PV") modules,
solutions, and services, today announced that its cooperation with
a local Malaysian partner, an original equipment manufacturer
(OEM), to develop 500MW of solar module capacity is on track and
the local partner has shipped modules to the Company as scheduled.
Moreover, the Company's goal of producing 400MW of solar modules
this year as a part of this cooperation remains unchanged. The
cooperation is part of Trina Solar's
geographical diversification strategy, and is in line with the
Company's asset-light strategy to localize production in various
key markets that the Company believes have promising solar
demand.
Jifan Gao, Chairman and CEO of
Trina Solar commented: "The
cooperation with our Malaysian partner is a key part of our
localization strategy in Southeast
Asia, and we are pleased to announce that it has been
progressing smoothly. Our Thailand
facility is also on track to commence production in late 2015 or
early 2016, which will add an additional 500 MW of module and 700
MW of cell production capacity to our production capabilities. Both
of these facilities will allow Trina
Solar to meet growing global demand for PV modules and have
cost-effective manufacturing bases with close proximity to
fast-growing emerging markets. We will continue to build a
flexible, capital efficient manufacturing model in more diverse and
cost efficient countries. We will look for areas where we can
integrate proprietary manufacturing, OEM, capacity leasing, and
outsourcing to expand our capacity worldwide and ensure that we are
able to quickly respond to market trends. Furthermore, our industry
leading position and ability to optimize resource allocation
globally have positioned us well-ahead of our competition as the
solar industry is undergoing a period of consolidation. We remain
committed to our asset light business model and we are confident
that all of these measures are helping us build a solid foundation
as we transform into a world-class solar system developer."
About Trina Solar Limited
Trina Solar Limited (NYSE:TSL) is a global leader in
photovoltaic modules, solutions and services. Founded in 1997 as a
PV system integrator, Trina Solar
today drives smart energy together with installers, distributors,
utilities and developers worldwide. The company's industry-shaping
position is based on innovation excellence, superior product
quality, vertically integrated capabilities and environmental
stewardship. For more information, please visit
www.trinasolar.com.
Safe Harbor Statement
This announcement contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements, including but not limited to, the Company's ability to
raise additional capital to finance its activities; the
effectiveness, profitability and marketability of its products; the
future trading of the securities of the Company; the Company's
ability to operate as a public company; the period of time for
which the Company's current liquidity will enable the Company to
fund its operations; general economic and business conditions;
demand in various markets for solar products; the volatility of the
Company's operating results and financial condition; the Company's
ability to attract or retain qualified senior management personnel
and research and development staff; and other risks detailed in the
Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about the Company and the
industry in which the Company operates. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these forward
looking statements are reasonable, it cannot assure you that such
expectations will turn out to be correct, and the Company cautions
investors that actual results may differ materially from the
anticipated results.
For further information, please contact:
Trina Solar
Limited
|
Christensen
IR
|
Teresa Tan, CFO
(Changzhou)
|
Linda
Bergkamp
|
|
Phone: +1 480 614
3014 (US)
|
Email:
teresa.tan@trinasolar.com
|
Email:
lbergkamp@ChristensenIR.com
|
|
|
Yvonne
Young
|
|
Investor Relations
Director
|
|
Email:
ir@trinasolar.com
|
|
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SOURCE Trina Solar Limited