Centrosolar hope after EU measures

EU anti-dumping measures against Chinese kit could help embattled PV group Centrosolar to “turn the tide” in its journey back to profitability, the Munich-based company said today when presenting a deepening operating loss for the second quarter of 2013.

The European Commission in early August imposed provisional duties on Chinese PV imports as part of an investigation into alleged dumping by Chinese producers. Soon afterwards, the EU signed off on a provisional deal that imposes a price floor and a maximum import volume on Chinese modules.

“Centrosolar believes that the anti-dumping measures adopted by the EU on August 6, 2013 are likely to fundamentally change the game,” the company said in its earnings release.

“Although the minimum prices do not fully compensate for the extent of dumping revealed by the EU Commission, they are nevertheless expected to Log in to read complete article.

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