Yingli Green Energy Hosts 2nd Annual Technology Innovation Expo Company Unveils Significant Manufacturing Process Improvements
BAODING, China, Sept. 30, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, which markets its products under the brand "Yingli Solar", today announced that the Company is hosting its second annual Technology Innovation Exposition ("the Expo") at its Baoding Headquarters from September 28th, 2013 through the end of October. At the Expo, the Company is unveiling significant improvements to its multicrystalline silicon manufacturing process that increase yield, energy efficiency, and product performance.
The month-long Expo is designed to promote technology innovation and new business strategies, including the Company's recent improvements to multicrystalline silicon ingot casting. The Expo comprises nine display areas which showcase each of Yingli Green Energy's internal departments' efforts to improve their manufacturing processes and enterprise-level operations, while reducing overall costs. In addition to presentations from Yingli Green Energy's internal teams, leading suppliers of solar panel equipment and materials, including Rena GmbH and DuPont Trading (Shanghai) Co., LTD, will exhibit at the Expo.
Through research and development and aggressive product testing, Yingli's technical team is proud to announce significant upgrades to its multicrystalline silicon ingot production. By upgrading the casting furnaces, the Company has increased the silicon ingot's quality, the capacity per furnace, and the overall manufacturing line's energy efficiency. As a result, the yield rate of each casting furnace has grown by more than 1.5 percent, the capacity expanded by more than 47 percent, and the per-unit energy consumption decreased by approximately 13 percent. These results have been verified by the National Center of Analysis and Testing for Non-ferrous Metals & Electronic Materials.
"We're pleased to showcase our efforts to improve technology and reduce costs across each step of the solar PV chain, and we are particularly delighted to share these successes with key partners such as DuPont and Rena," Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy, commented. "We're also proud of our dramatic increase in ingot quality, which will help Yingli meet growing demand for high-performing solar panels. As the Expo and our innovations hopefully demonstrate, we believe there is a bright future ahead for the global solar industry."
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.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of 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," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy 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 further information, please contact:
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
In the Americas:
Head of Marketing
Yingli Green Energy Americas Inc.
Public Affairs & Public Relations Director
Yingli Green Energy International AG
Tel: +41 (0) 44 567 6151
SOURCE Yingli Green Energy Holding Company Limited