Friday, May 04, 2012
BAODING, China and TOKYO, May 4, 2012 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar", today announced the establishment of its regional headquarters in Tokyo, Japan.
In order to strengthen business practices and further business development in Japan, Yingli Green Energy has set up a wholly-owned subsidiary, Yingli Green Energy Japan Corporation, Ltd. ("Yingli Japan").
"We are pleased to announce the opening of our regional headquarters in Japan," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Japan is an important PV market for us. With the establishment of the Japanese subsidiary, we expect to be closer to our customers and penetrate deeper into this market."
"Being closer to the customers is extremely important for Yingli, hence the establishment of a local presence in Japan," commented Mr. Masaki Mizuta, Managing Director of Yingli Japan. "We also believe that this is a key success factor in Japan and look forward to building better and longer relationships with our customers in Japan."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar", is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced vertically integrated production capacity of 1,700 MW per year. Capacity expansion projects of an additional 750 MW in total are under construction in Baoding, Haikou, Tianjin and Hengshui, which are expected to increase the Company's total nameplate production capacity to 2,450 MW by the end of 2012. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 20 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit www.yinglisolar.com.
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