Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," today announced that the Company has appointed Ledico Ltd. ("Ledico") as its exclusive sales partner in Israel. According to the partnership agreement, Ledico will sell and promote Yingli Solar modules in Israel.
"We are pleased to select Ledico as our exclusive sales partner in Israel," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We are confident that this partnership will facilitate our sales expansion in Israel by delivering our high quality products and comprehensive services to local customers."
"We are excited to have the chance to represent a strong leading company like Yingli Solar," said Mr. Rabinowicz Yehuda, CFO and Business Development Manager of Ledico Ltd. "The Israeli market is significantly growing and we have opened a dedicated operation to meet this demand. Combining our high level of service and leading position in the Israeli market with Yingli's high quality modules and comprehensive services, we believe this partnership will help us to strengthen our leading position in the PV market and expand Yingli's market share in Israel."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar," is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced vertically integrated production capacity of 1,850 MW per year. Capacity expansion projects of an additional 600 MW in total are under construction in Baoding, Haikou, Tianjin and Hengshui, which are expected to increase the Company's total nameplate production capacity to 2,450 MW by the end of 2012. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 20 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit www.yinglisolar.com.
Ledico Ltd. is a privately owned company established in 1965 as the representative in Israel for the German-based corporation Robert Bosch, and today represents over 30 global leading companies. Ledico imports, markets, distributes and services a wide range of products and technologies for industrial and home use. Ledico Group operates in the following fields of activity: Power tools, automotive, elevators and escalators, industrial technologies, security technology, renewable energy and energy saving. For more information, please visit www.ledico.com.