Trina Solar Named as One of 50 Chinese Global Challengers by BCG
TIANJIN, China, Sept. 11, 2012 /PRNewswire/ — Trina Solar Limited (NYSE: TSL) (“Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, was named one of the Chinese global challengers today by The Boston Consulting Group (BCG), a reflection of the Company’s rapid growth and global expansion. BCG unveiled the list of Chinese global challengers, which are fast rising China-based companies with global aspirations, today at the World Economic Forum’s summer meeting and released a report, 2012 BCG 50 Chinese Global Challengers: End of Easy Growth, describing their successes and analyzing the challenges they face.
BCG developed a series of quantitative and qualitative tests in order to create a list of companies that is broadly representative of China’s globalization landscape and the Chinese economy. The Chinese global challengers range in size from $180 million to around $300 billion in annual sales. Nearly one-half of the companies are private, while 26 of them are state-owned. Thirteen of them generate more than one-half of their revenue from overseas.
“We selected a group of companies in order to celebrate their accomplishments and to bring to life the accomplishments of China-based companies generally in entering the global economy,” said Ted Chan, a BCG partner and co-author of the report. “There are so many success stories in China.”
“We are delighted to have been named by BCG as one of the 50 Chinese Global Challengers, which recognizes Trina Solar’s increasing global presence,” said Mr. Jifan Gao, Chairman and CEO of Trina Solar, “But to continue building upon our historical successes, we must take the necessary steps to further increase our ability to compete on a global scale.”
A copy of 2012 BCG 50 Chinese Global Challengers: End of Easy Growth can be downloaded at www.bcgperspectives.com.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers to have developed a vertically integrated business model that extends from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar’s products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar’s website at http://www.trinasolar.com.
About The Boston Consulting Group
The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 77 offices in 42 countries. For more information, please visit bcg.com.
For further information, please contact: Trina Solar Limited Brunswick Group Terry Wang, CFO Michael Fuchs Phone: + (86) 519-8548-2009 (Changzhou) Phone: + (86) 10-6566-2256 Email: email@example.com Thomas Young, Vice President, Investor Relations Phone: + (86) 138-6118-3779 (Global) Email: firstname.lastname@example.org The Boston Consulting Group Gu Li, Asia-Pacific Marketing Communications Director Phone: + (86) 21-2306-4069 Fax: + (86) 21-6375-8628 Email: email@example.com
SOURCE Trina Solar Limited