ReneSola Opens Manufacturing Facility in Sichuan
July 29 2009 - 12:03PM
UK Regulatory
TIDMSOLA
ReneSola Celebrates Official Grand Opening of 3,000 MT Polysilicon
Manufacturing Facility in Sichuan Province
JIASHAN, China, July 29 /PRNewswire-Asia/ -- ReneSola Ltd ("ReneSola" or the
"Company") (NYSE: SOL) (AIM: SOLA), a leading global manufacturer of solar
wafers, today held a ceremony to celebrate the official grand opening of its
3,000 metric tonne ("MT") polysilicon manufacturing facility and the successful
output of the first batch of polysilicon from Phase 1 of the plant in Meishan
city, Sichuan province, China. Among those attending the ceremony were
executives from the Company including CEO Mr. Xianshou Li and CFO Mr. Charles
Bai, local and provincial government officials from Sichuan, Zhejiang and
Jiangsu provinces, regions in which ReneSola maintains operations,
representatives from local and domestic national banks, as well as management
from over 50 local and solar related companies.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 )
"The opening of our Sichuan polysilicon manufacturing plant and successful
production of our first batch of quality polysilicon on July 23rd are great
milestones for ReneSola," commented Mr. Xianshou Li, ReneSola's chief executive
officer. "These accomplishments mark the evolution of ReneSola from one of the
world's largest solar wafer manufacturers into a leading, low-cost, fully
integrated global solar company. We are grateful for the support we have
received from our local and national partners, clients and employees throughout
the construction and testing processes, and we are proud of our management team
for once again demonstrating its strong execution capabilities. We look forward
to receiving a smooth supply of low-cost polysilicon from our new plant, which
will significantly enhance our position as one of the leading low-cost solar
companies globally."
As previously announced, the Company successfully commenced trial production on
the first batch of polysilicon from Phase 1 of its two-phase, 3,000 MT
annualized capacity polysilicon manufacturing plant in mid-July. Phase 2 is
expected to reach mechanical completion in September 2009. ReneSola's Sichuan
polysilicon manufacturing facility utilizes a close-loop Advanced Siemens
Process for polysilicon production.
About ReneSola
ReneSola Ltd ("ReneSola") is a leading global manufacturer of solar wafers
based in China. Capitalizing on proprietary technologies and technical
know-how, ReneSola manufactures monocrystalline and multicrystalline solar
wafers. In addition, ReneSola strives to enhance its competitiveness through
upstream integration into virgin polysilicon manufacturing. ReneSola possesses
a global network of suppliers and customers that include some of the leading
global manufacturers of solar cells and modules. ReneSola's shares are
currently traded on the New York Stock Exchange (NYSE: SOL) and the AIM of the
London Stock Exchange (AIM: SOLA). For more information about ReneSola, please
visit http://www.renesola.com .
Safe Harbor Statement
This press release contains statements that constitute "forward-looking"
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act of 1995.
Whenever you read a statement that is not simply a statement of historical fact
(such as when we describe what we "believe," "expect" or "anticipate" will
occur, what "will" or "could" happen, and other similar statements), you must
remember that our expectations may not be correct, even though we believe that
they are reasonable. We do not guarantee that the forward-looking statements
will happen as described or that they will happen at all. Further information
regarding risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements is included in our
filings with the U.S. Securities and Exchange Commission, including our annual
report on Form 20-F. We undertake no obligation, beyond that required by law,
to update any forward-looking statement to reflect events or circumstances
after the date on which the statement is made, even though our situation may
change in the future.
For investor and media inquiries, please contact:
In China:
Ms. Julia Xu
ReneSola Ltd
Tel: +86-573-8477-3372
Email: julia.xu@renesola.com
Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-6284
Email: derek.mitchell@ogilvy.com
In the United States:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
Email: jessica.cohen@ogilvypr.com
In the United Kingdom:
Mr. Tim Feather / Mr. Richard Baty
Hanson Westhouse Limited, London
Tel: +44-20-7601-6100
Email: tim.feather@hansonwesthouse.com
richard.baty@hansonwesthouse.com
SOURCE ReneSola Ltd
END
Renesola (LSE:SOLA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Renesola (LSE:SOLA)
Historical Stock Chart
From Jul 2023 to Jul 2024