Sales Offices Strengthen Suntech’s European Network and Broaden Ability to Serve Local Customer Base
SAN FRANCISCO, Calif., Feb. 19 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, today announced the opening of sales offices in Germany and Spain to strengthen Suntech’s European sales network and broaden local customer service capabilities.
“We are very pleased to expand our sales and customer service capabilities in Europe with the opening of these two offices in Germany and Spain. Our on the ground presence will help us to manage the exceptional demand for Suntech solar products that we are seeing in both Germany and Spain in 2008,” said Dr. Zhengrong Shi, Suntech’s Chairman and CEO. “Establishing regional sales centers and localizing our sales staff is central to our commitment to deliver exceptional customer service and we are confident it will enable us to forge stronger customer relationships and improve our ability to respond to customer needs.”
“Due to our significant installation base and collaboration on the development of landmark PV projects across Europe, Suntech is well known for delivering high quality PV products and we have established a healthy market share. In fact, we believe that Suntech is already the largest PV module supplier to Spain and the second largest supplier to Germany,” continued Dr. Shi. “We are determined to expand our market share, and have already developed a strong pipeline in both countries in 2008. We are confident that an expanded local presence in Germany and Spain will generate even greater recognition of Suntech’s brand and product quality in the coming years.”
Jerry Stokes, President of Suntech Europe, noted that Suntech plans to continue to open offices in Europe to further strengthen Suntech’s sales network and distribution channels. Mr. Stokes said, “These two new offices will complement our existing European headquarters in London providing greater geographic coverage and access for our customers. Over the next 12 months we will continue to extend our European network with offices in Italy, Greece and Switzerland giving us a network of local support in key European solar markets and financial centers. We believe this will increase our agility and ability to respond to new markets, enhance our local relationships and help build our market position.”
The contact details for Suntech’s new office in Germany are:
Landsberger Strasse 155,
80687 Munchen, Germany
Tel: +49-89-579-59-195
Fax: +49-89-579-59-200
The contact details for Suntech’s new office in Spain are:
Avenida Ramon y Cajal 36,
28002 Madrid, Spain
Tel: +34-91-510-3682
Fax: +34-91-510-3681
About Suntech
Suntech Power Holdings Co., Ltd. is a world leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of building integrated photovoltaic (BIPV) products under the MSK brand. Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, please visit http://www.suntech-power.com .
Safe Harbor Statement
This press release contains forward-looking statements. These statements 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. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements, and includes Suntech’s belief that it is the largest supplier in Spain and second largest supplier in Germany, Suntech’s pipeline in Spain and Germany in 2008, Suntech’s plans to develop new offices in Italy, Greece and Switzerland and Suntech’s expectation that the new sales offices will increase Suntech’s agility and ability to respond to new markets, enhance local relationships and help build Suntech’s market position. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For more information, please contact:
In Europe:
Jerry Stokes
President, Suntech Europe
Suntech Power Holdings Co., Ltd.
Tel: +44-208-582-0393
Email: jerry.stokes@suntecheurope.com
In China:
Rory Macpherson
Investor Relations Manager
Suntech Power Holdings Co., Ltd.
Tel: +86-510-8531-8922
Email: rory@suntech-power.com
In the United States:
Sanjay M. Hurry
Vice President
The Piacente Group, Inc.
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com
