Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, announced 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."