North Coast Solar Stocks

May 12, 2009

Suntech to Double European Sales and Marketing Team to Enhance Customer Support

Filed under: STP — Tags: , , , — Jason @ 8:00 am

Relocates European Headquarters from London to Schaffhausen, Switzerland as Part of Strategic Initiative to Solidify Market Leadership Position

Tuesday May 12, 2009, 8:00 am EDT

SCHAFFHAUSEN, Switzerland and WUXI, China, May 12 /PRNewswire-Asia/ — Suntech Power Holdings Co., Ltd. (STP), the world’s leading manufacturer of crystalline silicon photovoltaic (PV) modules, announced today it intends to double its sales and marketing team in Europe over the next three to six months. Suntech also announced it has relocated its European headquarters from London to Schaffhausen, Switzerland as part of its ongoing strategy to centralize regional operations and broaden the level of local service and support to its rapidly expanding European customer base.

Dr. Zhengrong Shi, Suntech’s Chairman and CEO, said, “The European market represents close to 80% of our business and has the potential to grow significantly in the coming years. Suntech has already established very mature and capable sales, technical and support teams across Europe, however, we are committed to increasing this investment to ensure that our customers have the best support available. We plan to double the size of our European team over the next three to six months.”

Dr. Shi added, “Schaffhausen’s proximity to key, established solar markets, such as Germany, France and Italy, and to nascent markets in Greece, Portugal and the countries of Central Europe, is ideal for Suntech as we enhance localized service and support for existing and prospective customers. Its well-regarded, internationally experienced workforce and reputation as a global financial center should also serve us well as we move to further penetrate European demand for solar.”

Jerry Stokes, Suntech Europe’s Vice President of Strategy and Business Development, said, “We spent considerable time researching the best location for our European headquarters and were very impressed with the support we received from the Canton of Schaffhausen. The central location and excellent transport infrastructure — with reliable rail, road and air links — were also key factors in our decision.”

“The Swiss Government recently introduced an incentive program for PV and we will be aiming to quickly secure a leading market position there as we have elsewhere in Europe,” added Mr. Stokes.

As part of the European expansion initiative, Suntech is looking to enhance its European based team with a broad range of experienced professionals with expertise in: sales, marketing, technical customer service, and product management. Interested candidates should email applications to: recruitment@suntecheurope.com or visit About Us/Careers on the Suntech website, http://www.suntech-power.com , for further details.

Suntech’s new European headquarters address and contact details are:

Suntech Power International Ltd.
Schwertstrasse 1
CH-8200 Schaffhausen
Switzerland

Tel: +41-52-632-0090
Fax: +41-52-632-0099
Email: sales@suntecheurope.com

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