Monday, December 10, 2007

Trina Solar gets one-bin USD capital injection

Friday, December 07, 2007; Posted: 01:37 AM

BEIJING, Dec 7, 2007 (Xinhua via COMTEX) -- Trina Solar Limited (TSL.NYSE), a Chinese private company in the solar energy industry, announced on December 6 that the company had been committed a capital injection of one billion US dollars from the government of Lianyungang, a port city in east China's Jiangsu Province.

This will help the company achieve a 10,000-ton polycrystalline silicon production capacity by the end of 2012.

In the third quarter of 2007, Trina Solar realized an operating turnover of 82.60 million dollars, slightly lower than the expected 82.80 million dollars, according to the company's Q3 financial report. Its Q3 gross margin reached 20.1 percent, down 6.1 percentage points year on year.

For strong market demand, the company is optimistic about its performance in 2008.

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