http://www.insideindianabusiness.com/newsitem.asp?ID=52459

updated: 3/1/2012 8:57:26 AM

Andy Ober, InsideINdianaBusiness.com

 Witsoe says U.S. companies must develop new technology to compete globally.

The chief executive officer of Abound Solar says Chinese solar technology companies selling products below cost are hurting operations in Indiana and Colorado. Craig Witsoe says Asian companies are driving down prices to the point that American businesses can't compete. Despite recent layoffs in Colorado, Witsoe says Abound Solar is still committed to expanding operations in Tipton, and hopes to do so by late 2013.

Witsoe says some lawmakers are in favor of imposing tariffs on Chinese solar products. He says if that happens, competition will become level and the company could add employees sooner.

Abound Solar announced a temporary reduction of approximately 180 jobs in Colorado as part of a transition to its next generation solar modules.

The company announced plans in 2010 for more than 800 jobs in Tipton County.

Source: About Solar, Inside INdiana Business