Remaining confident it can successfully restructure its debts with creditors and continue operating, SolarWorld wants to complete talks with creditor sometime in August, 2013.
Meetings with creditors were said be taking place today and tomorrow with the expectation that creditors would appoint a noteholders representative to continue talks set to take place in early July.
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Frank Asbeck, CEO of SolarWorld AG said, “In the next three months, we want to close negotiations with all creditors constructively and thus be able to build a good future for SolarWorld.”
Asbeck noted that the company would continue to introduce and manufacture new products, intended to keep the company competitive.
“Even in this difficult phase, we have invested in new technologies – successfully so! This way, we have been able to reduce costs and increase the performance of our products for our customers,” added Asbeck.
SolarWorld noted that it expected the German and European PV markets to return to fair competition in the second half of the year due to expected anti-dumping duties being imposed on Chinese PV products.