JA Solar Withdraws From Price Undertaking In EU - Quick Facts

(RTTNews) - JA Solar Holdings Co., Ltd. (JASO) announced its decision to withdraw from the European Union's price undertaking. The company said it will now serve the European market through its manufacturing facilities outside of China. JA Solar believes the Minimum Import Price currently in place no longer accurately reflects the market environment. The company concluded that it can remain competitive in the EU markets only if it withdraws from the price undertaking.

Baofang Jin, JA Solar's Chairman and CEO, said, "We are committed to fair trade and market competition, as reflected by our prior participation in, and compliance with, the terms of the price undertaking. However, we strongly believe that the current MIP does not reflect the recent price trends in the market. Selling prices continue to decline, while the MIP has remained unchanged for the past 18 months."