Jinkosolar Holds Opening Ceremony At ITS U.S. Solar Panel Manufacturing Facility
Production in Jacksonville, Florida Has Commenced
Jacksonville, Florida, February 26, 2019 – JinkoSolar Holding Co., Ltd. (NYSE: JKS) (“JinkoSolar”), a reputable global solar module manufacturer, today held the opening ceremony for its new state-of-the-art solar panel manufacturing facility at 4660 POW-MIA Memorial Parkway, Jacksonville, Florida.
Pilot production at the manufacturing facility began in November 2018 and has since been steadily ramping up. Once fully operational, the $50 million facility will employ more than 200 workers and manufacture 400 megawatts of high powered 60-cell and 72-cell monocrystalline PERC modules annually.
The opening ceremony featured remarks by Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc., Charlie Cao, CFO of JinkoSolar; Jamal Sowell, President and CEO of Enterprise Florida; Jacksonville Mayor Lenny Curry, and Jacksonville City Council President Aaron Bowman.
“Advanced manufacturing is critical to the continued growth of our local economy, and we thank JinkoSolar for choosing to invest in Jacksonville,” said Aundra Wallace, president of JAXUSA Partnership, the economic development arm of JAX Chamber. “We look forward to working with JinkoSolar to make sure they have the highly-skilled workforce they need to succeed and thrive here.”
“When JinkoSolar began exploring options for its first U.S. manufacturing operation, they could have chosen any location throughout the country,” said Mayor Lenny Curry. “I am incredibly delighted that JinkoSolar chose the city of Jacksonville as its U.S. headquarters. It clearly demonstrates our growing reputation as a business friendly community with a quality workforce, quality economic offerings, and quality of life conditions. We welcome them!”
“JinkoSolar continues to gain market share in many regions across the globe, including the United States, and this factory will be key to solidifying that strong market position,” said Kangping Chen, CEO of JinkoSolar. “We are fortunate to call Jacksonville home with its excellent business environment and hospitable community, features which enabled us to find a talented workforce, complete the facility, and quickly begin producing world class PV modules.”
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a world-renowned solar module manufacturer. The company distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in more than 80 countries worldwide. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 9.2 GW for silicon ingots and wafers, 6.5 GW for solar cells, and 10.0 GW for solar modules, as of September 30, 2018.
JinkoSolar has over 12,000 employees across its 6 production facilities globally, 16 overseas subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, South Africa, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Panama, and Argentina.
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Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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JinkoSolar Holding Co., Ltd.
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