Focusing on Emerging Markets
BAODING, China, Aug. 29, 2013 -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy," "Yingli," or the "Company"), the world's largest vertically integrated photovoltaic manufacturer, which markets its products under the brand "Yingli Solar", today announced that its 2013 Asian Solar Market Workshop (the "Workshop"), held from August 27th – August 28th, 2013 was a resounding success.
The Workshop attracted nearly 50 customers from countries across Southeast Asia and South Asia, including Malaysia, Singapore, Pakistan, and India. Key Yingli executives briefed customers on the Company's new marketing strategies and innovative technology developments. Additionally, they shared project development insights gained from the Company's broad global experience in a wide range of market segments, and held an open discussion of new cooperation models for Yingli to help customers expand local project pipelines. Customers also attended a tour of Yingli's manufacturing facilities at its Baoding Headquarters.
Yingli Green Energy's footprint in Southeast Asia and South Asia has expanded significantly since the Company established its regional headquarters in Singapore in 2011. With a dedicated local team in Singapore, the Company has been able to develop strategic partnerships with the region's leading solar energy companies. In May 2013, the Company entered into a 10 MW supply agreement for Malaysia's largest solar power plant, which is being developed by Amcorp Power Sdn. Bhdm., a subsidiary of Amcorp Group Berhad, an investment holdings company based in Malaysia.
"We are honored to have participated in this Workshop, and for the opportunity to visit Yingli's impressive manufacturing facilities. Their state-of-the-art production lines have achieved a high degree of automation that clearly results in a high quality product. We hope that by taking part in this Workshop, we will strengthen and expand our partnership with Yingli," said Mr. Khamis, Vice President of Energy of Amcorp Power Sdn. Bhd.
"We are delighted at the success of the Workshop, which is helping to grow our relationships with customers in Southeast Asia and South Asia," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "Demand for solar in these markets, as well as other emerging markets such as South Africa and Latin America, has become an important factor in our growth strategy. We are committed to supplying these regions with high quality products and to providing affordable green energy for all. "
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar," is the world's largest photovoltaic module manufacturer in terms of shipments. With 2,450 MW of vertically-integrated annual production capacity, Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20 regional subsidiaries and branch offices and has distributed more than 7,000 MW PV modules to customers worldwide.
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