Trina Solar (TSL) Announces 4th Quarter Operational Achievements

Trina Solar issued a statement describing the companies operational highlights for the 4th quarter of 2008. The company managed to meet its solar module shipment target, shipping between 55 and 60 MW. Also, it was able to reduce the non-silicon-related costs of manufacturing its solar modules by approximately .13 per watt.

Here’s what Trina Solar’s Chairman and CEO, Mr. Jifan Gao, had to say about his company’s 4th quarter operational highlights:

"Despite lower module selling prices and margin pressure faced amidst a challenging global economic environment, we are very pleased with our performance delivered in the fourth quarter. The strategy to accelerate the reduction of our non-silicon production costs without compromising quality has been successful and will continue as a primary focus for Trina Solar beyond 2009. Our capacity utilization efficiency, coupled with our geographical diversification, ability to sell directly to large system integrators and our strong relationship with established customers in their respective market also helped us achieved our shipment target. Additionally, our new warehouse operations, which commenced in November 2008, assisted efforts to achieve our shipment target by shortening order-to-delivery time for our European customers."

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