Asia Pacific headquarters to further strengthen Trina Solar's growing presence and customer base in the region.
CHANGZHOU, China, Nov. 1, 2011 /PRNewswire-Asia-FirstCall/ —
Trina Solar Limited (NYSE: TSL) (“Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, announced today the establishment of its Asia Pacific operating headquarters in Singapore.
The new Asia Pacific headquarters are expected to provide management functions covering administration, sales, project development, R&D, logistics and purchasing operations to further strengthen Trina Solar‘s growing presence and customer base in the region. The new administrative region is expected to include Singapore, Thailand, Malaysia, the Philippines, India, Japan, Australia, New Zealand, as well as Korea and will extend to the Middle East and South Africa.
Jifan Gao, Chairman and CEO of Trina Solar, commented, “Singapore‘s excellent investment environment, combined with its skilled talent base and strong logistics infrastructure, makes it a strategically advantageous location for Trina Solar to establish our regional headquarters. Our new Singapore headquarters complements our recent Asia Pacific expansion into Japan, Australia and Korea, while opening up emerging PV markets such as Thailand and India. We are confident that these headquarters will serve as an ideal gateway to markets throughout the region for Trina Solar.”
Dr. Haiyan Sun, Head of the Asia Pacific Headquarters added, “We believe that Trina Solar can help Singapore become more integrated with the emerging PV markets such as Japan, Thailand and India, which will help boost regional development. Trina Solar is highly optimistic about the Asia Pacific market and we believe that our new Singapore headquarters is expected to generate a growing portion of the company’s global sales over the next several years.”
Dr. Sun added, “We are delighted by the opportunity to elevate our regional R&D strengths through Singapore‘s strong local talent pool, and to develop strategic cooperative alliances with local research institutes and universities.”
Mr. Tan Choon Shian, Deputy Managing Director of the Singapore Economic Development Board, said: “We are excited that Trina Solar, a global leader in the clean energy space, has chosen to manage its pan-Asian operations out of Singapore. We are pleased that Trina Solar is taking advantage of Singapore‘s strengths in solar-related capabilities, quality of manpower and connectivity with the fast-growing regional markets. This establishment adds to the diversity of the growing cleantech ecosystem in Singapore, and affirms our value proposition as an internationalization platform for Asian cleantech enterprises.”
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar‘s products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar‘s website at http://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 the Company‘s activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the 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; the volatility of the Company‘s operating results and financial condition; 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 to 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.