SHANGHAI, Dec. 20, 2010 /PRNewswire-FirstCall/ -- Solarfun
Power Holdings Co., Ltd. ("Solarfun" or the "Company") (Nasdaq:
SOLF), a vertically integrated manufacturer of silicon ingots,
wafers and photovoltaic ("PV") cells and modules in China, today announced that its Board of
Directors approved its name change to Hanwha Solar One.
The name change reflects the Company's ongoing efforts to
strengthen its brand worldwide and the strategic business
partnership with Hanwha Chemical, which currently owns 49.99 % of
Solarfun.
Dr Peter Xie, President and CEO,
commented, "Following Hanwha's strategic investment in Solarfun in
mid-September, we have worked closely together to develop a
long-term strategy to grow our company into a top three module
manufacturer by 2015. This new name reflects the cooperation
between the two companies and our mutual commitment to further
growth. The complementary skill sets between the two companies will
lead to a 'virtual' vertically-integrated business model, under
which we will be able to lower our production costs, increase
product quality and innovation, and expand our customer base
globally."
About Solarfun
Solarfun Power Holdings Ltd. (NASDAQ: SOLF) is a leading
manufacturer of solar PV cells and modules in China, focusing on delivering high quality and
reliable products at competitive prices. Solarfun produces its
monocrystalline and polycrystalline products at its internationally
certified, vertically-integrated manufacturing facilities. Solarfun
partners with third-party distributors, OEM manufacturers, and
system integrators to sell its modules into large-scale utility,
commercial and governmental, and residential/small commercial
markets. Solarfun maintains a strong global presence with local
staff throughout Europe,
North America, and Asia. Solarfun embraces environmental
responsibility and sustainability by taking an active role in the
photovoltaic cycle voluntary recycling program. For more
information, visit: www.solarfun-power.com. SOLF-G
|
For further information, please
contact:
|
|
|
|
|
|
Investor Contact:
|
|
|
Paul Combs
|
|
|
V.P. Strategic
Planning
|
|
|
Building 1, 18th
Floor
|
|
|
1199 Minsheng Road, Shanghai,
PRC 200135
|
|
|
P. R. China
|
|
|
Tel: 86-21-3852 1533 /
Mobile: 86 138 1612 2768
|
|
|
E-mail:
paul.combs@solarfun-power.com
|
|
|
|
|
|
Christensen
|
|
|
|
|
|
Kathy Li
|
|
|
Tel: +1 480 614
3036
|
|
|
E-mail:
kli@ChristensenIR.com
|
|
|
|
|
|
Tip Fleming
|
|
|
Tel: + 852 9212
0684
|
|
|
E-mail:
tfleming@ChristensenIR.com
|
|
|
|
SOURCE Solarfun Power Holdings Co., Ltd.