Business Dispute with Hemlock was Misleading, SolarWorld States

published: 2015-11-03 16:20 | editor: | category: News

It was reported that SolarWorld’s subsidiary SolarWorld Industries Sachsen GmbH and the silicon supplier Hemlock are engaging in an court proceeding. The Management Board of SolarWorld said such reports are misleading in a statement:

The partial decision of the court on antitrust defenses is no judgement, but only relates to one of several defenses of equal value against the complaint and is of technical nature.

The Company does not estimate the risk situation higher than at the beginning of the proceeding in March 2013 and has acknowledged the risk continuously in its financial statements. SolarWorld will use the expected further years of proceedings in the first and second instance that may follow to reach an agreement with the silicon supplier Hemlock to continue delivery. SolarWorld has achieved similar agreements with all its other silicon suppliers successfully.

announcements add announcements     mail print
Share