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According to the US Wall Street Journal website reported on August 1, the US Department of Commerce announced a preliminary tax rate of 20%-40% on photovoltaic products produced in China and Taiwan, on the grounds that the prices of these products in the United States are too low. . Chinese solar panels have flooded into the US market and depressed the international market price. But now, before the preliminary anti-dumping investigation results are confirmed, Chinese companies must pay a certain margin to the US escrow account, thus pushing up China's PV products. In the US, buyers are turning to other regions to find lower-priced products.
One of the beneficiaries is the Norwegian-based renewable energy company. It produces photovoltaic equipment in Singapore and now expects sales to the US market to account for 20% of the company's total sales, much higher than the previous 7%-8%. Lutz, senior vice president of the company, said that US companies seeking fair trade and high-quality solar panels are paying more and more attention to renewable energy companies, which are currently selling more in the US than in previous years.
Renewables plans to spend up to $100 million to expand its Singapore facility to increase solar cell capacity by 30% over the next two years.
In 2012, the United States imposed anti-dumping duties on mainland China, but Chinese manufacturers circumvented this measure by setting up manufacturing bases in Taiwan. According to US data, the US imported solar energy products from mainland China in 2013 was worth 1.5 billion U.S. dollars, half of that in 2011. However, the value of solar energy products imported from Taiwan by the United States more than doubled to 657 million U.S. dollars.
Hanwha Q CELLS is another leading manufacturer of solar equipment. The company highlighted the advantages of having production facilities in Malaysia because of lower wages and lower costs. Thanks to this arrangement, Hanwha can provide customers with anti-dumping duties in the US market. The company is in the process of expanding its Malaysian plant capacity by approximately 22%.
One analyst said that the US decision is beneficial to manufacturers outside China and Taiwan, because these manufacturers operate at a higher cost and lower profit margins than Chinese manufacturers.
Kumar, executive director of the Nomura Research Institute in Japan, said that the CIF prices of Chinese companies' PV equipment in the US have risen by 10%-15%. In this magnitude, the pressure on margins faced by companies outside China has decreased.
Kumar said that the increase in profit margins will inevitably boost the expansion plans of photovoltaic equipment manufacturers outside China and Taiwan.
He said that in order to circumvent the US anti-dumping duties, some Chinese companies may decide to set up manufacturing bases in countries such as India.
Kumar said that whether Chinese companies will set up manufacturing bases outside China in order to export photovoltaic equipment to the United States will depend on the size of the US market.
Some Chinese manufacturers are already asking about setting up manufacturing bases in India because it will help them circumvent US anti-dumping duties and similar import tariffs imposed by New Delhi on photovoltaic equipment from China, the US and other countries.
US media: US anti-dumping tax impacts Chinese PV companies
Abstract On August 4th, foreign media reported that the US’s high anti-dumping duties on Chinese PV equipment manufacturers are spurring the global photovoltaic equipment industry. This move is not only beneficial to domestic PV equipment manufacturers, but also has PV business in Asia. Businesses benefit and encourage them to expand...
On August 4, foreign media reported that the US’s high anti-dumping duties on Chinese PV equipment manufacturers are spurring the global photovoltaic equipment industry. This move is not only beneficial to domestic PV equipment manufacturers, but also has PV business in Asia. Businesses benefit and encourage them to expand.