JinkoSolar Opens Solar Module Factory in Cape Town, South Africa
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, announced that it has opened a solar module factory in Cape Town, South Africa.
Located in 2 Evans Avenue, Epping Industrial 1, Cape Town, the factory covers an area of 5,000m(2).and has annual production capacity of 120MW. JinkoSolar invested a total of approximately USD7.5 million in the factory which is expected to create 250 jobs. Modeled after its state-of-the-art Chinese production facilities in China, the Cape Town factory will employ measures to ensure the highest quality PV module production process.
"We are proud to be the first foreign solar manufacturer to have built production facilities in South Africa," commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer. "Since winning our first South African tender in 2012, JinkoSolar has become the market leader having sold over 300MW to date. The completion of this factory highlights JinkoSolar's strong capital base and ability to diversify its global manufacturing facilities geographically. The factory will also enhance JinkoSolar's global production chain allowing it to serve customers across the region with local content. We are committed to providing the highest quality products and services to our customers around the world as we work to increase shareholder value over the long-term."
About JinkoSolar Holding Co., Ltd.
JinkoSolar is a global leader in the solar PV industry with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai and Beijing, China; Munich, Germany; Bologna, Italy; Zug, Switzerland; San Francisco, the United States; Queensland, Australia; Ontario, Canada; Singapore; Tokyo, Japan; and Cape town, South Africa.
JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of approximately 2.0 GW each for silicon ingots, wafers and solar cells and approximately 2.1 GW for solar modules, as of March 31, 2014. JinkoSolar sells electricity in China and distributes its solar products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, Eastern Europe, China, India, Japan, South Africa, and other countries and regions.
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. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. 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 JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.