June 14, 2013 - China Sunergy Co Ltd (NASDAQ:CSUN) said today it would deliver 6.4 MW of solar modules from its Turkish plant to a “well-known French customer” between mid-June and August 2013.
The company has already begun shipping the modules from its Istanbul-located facility, which has a current production capacity of 100 MW in solar cells and 300 MW in solar modules. According to CEO Stephen Cai, the Turkish plant gives the group “an effective buffer against the negative impact due to Europe's anticipated anti-dumping tariffs”.
Earlier this month the EU announced its decision to levy provisional anti-dumping charges of between 37.2% and 67.9% on Chinese imports of solar panels, cells and wafers, taking effect from August. From June 6 to August 6 imports are subject to transitional duties of 11.8%.
China Sunergy recently upgraded its estimate for first-quarter 2013 gross margin to a break-even level from the negative 3%-4% in previous forecasts.