Trina Solar Announces Establishment of New Manufacturing Base in Thailand to Add 500 MW Module and 700 MW Cell Capacity

CHANGZHOU, China, May 6, 2015 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced that it has set up Trina Solar Science & Technology (Thailand) Ltd., a subsidiary company in Thailand to build a manufacturing facility with 500 MW of module and 700 MW of cell production capacity. Trina Solar will invest US$160 million in the facility, which is located in Rayong of Thailand. Production is projected to commence in late 2015 or early 2016.

Mr. Zhiguo Zhu, COO and President of Module Business Unit of Trina Solar, commented: "Thailand is an ideal location for us to build a new manufacturing base due to its proximity to key emerging markets in the Asia Pacific region as well as its favorable investment environment in terms of land acquisition and labor costs. The new factory will serve to diversify and expand Trina Solar's existing manufacturing capacity to meet growing demand from both our established key markets and emerging markets.  We believe diversifying our global manufacturing capacity will allow us to better leverage resources more cost effectively, enhance our competitiveness in overseas markets and enable us to increase our global market share. Besides, Thailand is also a particularly attractive PV market given its sunny environment, long-term PV subsidies, and favorable government policies towards the solar sector.  We are also very delighted that our investment in the region will help create jobs and support local economic development, as well as further develop the solar industry in Thailand."

About Trina Solar Limited

Trina Solar Limited (NYSE:TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-shaping position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

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SOURCE Trina Solar Limited

Related Links

http://www.trinasolar.com

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