UPDATE: China Industry Group Says Wind Tower Tariffs May Hurt U.S. Industry
31 Maio 2012 - 8:07AM
Dow Jones News
A Chinese industry group said Thursday that a U.S. decision to
impose tariffs on Chinese wind-turbine towers will have a "negative
effect" on related U.S. industries and is an attempt to conceal
that U.S. tower manufacturers aren't competitive.
The statement, issued by the China Chamber of Commerce for
Import and Export of Machinery and Electronic Products, is the
latest salvo in an escalating battle between China and the U.S.
over renewables trade. Both sides have been engaged in a
tit-for-tat over the past three weeks as they accuse each other of
providing illegal subsidies to prop up their sectors.
"Chinese wind-turbine towers are favored by large-scale U.S.
wind-power operators and have helped popularize wind power in the
U.S.," the CCCME said.
Although China's commerce ministry declined to comment, its
foreign ministry said the dispute was best solved through
negotiation and consultation. "Resorting to protectionist measures
will not help solve these frictions; it will harm business ties
between the two," Chinese foreign ministry spokesman Liu Weimin
said Thursday at a regular news briefing.
The U.S. Commerce Department said Wednesday that it would slap
tariffs between 13.74% and 26% on Chinese wind-tower suppliers
after an investigation revealed that they received illegal
subsidies.
The ruling comes almost one week after China's commerce ministry
said U.S. support for six clean-energy projects violated World
Trade Organization rules and acted as barriers to trade. That was
preceded even earlier by a U.S. decision to slap 31% tariffs on
some Chinese solar-panel makers.
Among those hardest hit by the latest tariffs are a group of
Chinese subsidiaries under CS Wind and Titan, which sell towers in
the U.S. mainly to European and U.S. wind-turbine manufacturers.
Vestas Wind Systems A/S (VWDRY), Siemens AG (SI) and General
Electric Co. (GE) are some of their customers, according to
Denmark-based Make Consulting.
CS Wind alone represented almost 65% of all Asian tower imports
to the U.S. market over the past two years, Make Consulting said in
a Jan. 19 note to subscribers.
The impact will likely be minimal on Chinese wind-turbine
manufacturers such as Sinovel Wind Group (601558.SH) and Xinjiang
Goldwind Science & Technology Co. (002202.SZ), which have
relatively few projects in the U.S. compared with their foreign
counterparts.
"Vestas and Siemens could be the most impacted as CS Wind's
largest U.S. customers," Make Consulting said. "This will erode
Vestas's cost-cutting strategies during a trying time of weak
earnings and significant layoffs."
GE Energy could see an impact as it buys towers from Titan and
Chinese tower manufacturer Chengxi Shipyard, it added.
-By Wayne Ma and Sarah Chen, Dow Jones Newswires; +86 10 8400
7714; wayne.ma@dowjones.com
--Keith Johnson in Washington and Sara Chen in Beijing
contributed to this story.
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