natgillin/translations-raw huggingface dataset:
Mens EU-erhvervsgrenen reducerede sine lagerbeholdninger af wafere mellem 2009 og 2010 med mere end 80 %, idet den øgede sit salg, steg slutlagrene hurtigt og nåede niveauer, der lå over niveauet fra 2009 og steg med yderligere 65 procentpoint i UP.
Concerning wafers, while the Union industry decreased its stocks between 2009 and 2010 by more than 80 % caused by the increase of their sales, closing stocks increased rapidly and reached levels beyond the level of 2009 and further increased by 65 percentage points in the IP.
Undersøgelsen viste, at EU-producenterne i den aktuelle vanskelige periode vil have tendens til at have begrænsede lagre af samme vare og basere deres produktion på ordrer.
The investigation showed that given the adverse current situation, Union producers would tend to hold limited stocks for the like product, basing their production on orders.
Stigningen i lagerbeholdningerne for samme vare i den betragtede periode er derfor en relevant faktor for at fastslå EU-erhvervsgrenens væsentlige skade.
Therefore, the increase in stocks for the like product over the period considered is a relevant factor in establishing if the Union industry suffered material injury.
Rentabilitet, likviditet, investeringer og investeringsafkast, evne til at rejse kapital
Profitability, cash flow, investments and return on investments, ability to raise capital
Rentabiliteten og likviditeten udviklede sig således i den betragtede periode:
Profitability and cash flow developed as follows over the period considered:
Tabel 10-a
Table 10-a
Moduler — rentabilitet og likviditet
Modules — profitability and cash flow
Tabel 10-b
Table 10-b
Celler — rentabilitet og likviditet
Cells — profitability and cash flow
Tabel 10-c
Table 10-c
Wafere — rentabilitet og likviditet
Wafers — profitability and cash flow
Rentabiliteten hos EU-producenterne i stikprøven blev beregnet som nettooverskuddet før skat ved salg af samme vare til ikke forretningsmæssigt forbundne kunder i Unionen udtrykt i procent af omsætningen i forbindelse med dette salg.
Profitability of the sampled Union producers was established by expressing the pre-tax net profit of the sales of the like product to unrelated customers in the Union, as the percentage of the turnover of such sales.
Rentabiliteten faldt markant og blev til tab i den betragtede periode for samme vare.
The profitability decreased sharply and turned to losses over the period considered for the like product.
Rentabiliteten faldt med 11 procentpoint for moduler, 49 procentpoint for celler og 63 procentpoint for wafere.
The profitability dropped by 11 percentage points for modules, by 49 percentage points for cells and by 63 percentage points for wafers.
Rentabiliteten for samme vare steg mellem 2009 og 2010, hvorefter den faldt markant i 2011, hvor EU-erhvervsgrenen havde tab, og faldt yderligere markant i UP.
Profitability for the like product increased between 2009 and 2010 but then decreased significantly in 2011 where Union industry realised losses and further decreased significantly in the IP.
Tabet var særlig højt for celler og wafere.
Losses were particularly high for cells and wafers.
Faldt i likviditeten for celler og wafere var mere udtalt end for moduler og nåede betydelige negative niveauer i UP.
The decline of cash flow for cells and wafers was more pronounced than modules and reached significantly negative levels during the IP.
Likviditeten for samme vare faldt derfor i den betragtede periode.
Therefore, the cash flow for the like product decreased over the period considered.
Nedenstående tal viser udviklingen i de stikprøveudvalgte EU-producenters investeringer og investeringsafkast på det samlede marked i den betragtede periode:
The figures below represent the evolution of investments and return on investments of the sampled Union producers in relation to the total market during the period considered:
Tabel 11-a
Table 11-a
Moduler — investeringer og investeringsafkast
Modules — investments and return on investments
Tabel 11-b
Table 11-b
Celler — investeringer og investeringsafkast
Cells — investments and return on investment
Tabel 11-c
Table 11-c
Wafere — investeringer og investeringsafkast
Wafers — investments and return on investment
Ovenstående tabel viser, at EU-erhvervsgrenen øgede sine investeringer med 171 % for moduler mellem 2009 og UP.
The table above shows that the Union industry increased its investments by 171 % for modules between 2009 and the IP.
Dette hang hovedsagelig sammen med betydelig ekstrakapacitet.
This was mainly linked to the significant additions of capacity.
I den samme periode foretog EU-erhvervsgrenen dog en nedskæring på 78 % i sine investeringer for celler og 80 % for wafere; de foretagne investeringer hang navnlig sammen med FoU og havde til formål at forbedre og vedligeholde produktionsteknologien og –processen for at øge effektiviteten.
However, during the same period, the Union industry decreased its investments by 78 % for cells and 80 % for wafers; the investments made were mainly linked to R & D as well as improving and maintaining production technology and process in order to improve efficiency.
Da EU-erhvervsgrenen ikke kunne foretage supplerende investeringer for celler og wafere i den betragtede periode, var investeringsniveauet i UP forholdsvis lavt.
Since the Union industry could not afford making additional investments for cells and wafers during the period considered, the level of investments during the IP was rather low.
Da investeringerne grundlæggende finansieredes af likviditet og lån mellem virksomheder, havde faldet i likviditeten en umiddelbar virkning på investeringsniveauet.
As investments were financed basically by cash flow and intercompany loans, the decrease in the cash flow had immediate effect on the level of investments made.
Investeringsafkastet blev udtrykt som fortjenesten i procent af den bogførte nettoværdi af investeringerne.
The return on investments (‘ROI’) was expressed as the profit in per cent of the net book value of investments.
Investeringsafkastet fulgte samme negative tendens som de andre finansielle resultatindikatorer mellem 2009 og UP for alle tre varetyper.
ROI of the like product followed the similar negative trends as the other financial performance indicators between 2009 and the IP for all the three types of product.
For celler og wafere faldt investeringsafkastet betydeligt i 2011 og nåede negative niveauer, selv om der var en stigning i 2009 og 2010.
For cells and wafers, while there was an increase in 2009 and 2010, ROI decreased significantly in 2011 reaching negative levels.
For moduler var investeringsafkastet negativt i hele den betragtede periode, dog med undtagelse af 2010, hvor det var på 19 %.
For modules, ROI was at negative levels throughout the period considered, except in 2010 where it reached 19 %.
Alt i alt faldt det i den betragtede periode til -17 % i UP for celler, dvs. et faldt på 1 %, men var dog stadig på et betydeligt negativt niveau, nemlig -19 %.
Overall, it decreased during the period considered reaching – 17 % in the IP for cells, i.e. by 1 %, however still remaining at significant negative levels, i.e. – 19 %.
Investeringsafkastet for wafere fulgte en konstant negativ tendens og var på -7 % i UP.
As for wafers ROI followed a continuously negative trend reaching – 7 % during the IP.
Alt i alt udviste investeringsafkastet for samme vare en negativ tendens i den betragtede periode.
Overall ROI for the like product showed negative trends during the period considered.
Evnen til at rejse kapital blev også analyseret for det samlede marked, og der konstateredes en konstant forringelse af EU-erhvervsgrenens evne til at skabe likviditet og dermed en svækkelse af EU-erhvervsgrenens finansielle situation.
The ability to raise capital was analysed in relation to the total market and it has been found that there was a constant deterioration of the ability of the Union industry to generate cash for the like product and, consequently, a weakening of the financial situation of the Union industry.
I en situation med generelt stigende forbrug steg den samlede produktion af moduler og celler i den betragtede periode.
Against a generally increasing consumption, overall production increased for modules and cells in the period considered.
Selv om sagsmængderne steg, faldt EU-erhvervsgrenens markedsandel i UP på grund af en højere stigning i forbruget i den betragtede periode.
Although the volume of sales increased, the market share of the Union industry shrank in the IP due to the higher increase of the consumption during the period considered.
De gennemsnitlige salgspriser faldt markant i den betragtede periode og påvirkede de generelle økonomiske resultatindikatorer negativt, f.eks. rentabiliteten, likviditeten, investeringsafkastet og evnen til at rejse kapital.
Average sales price fell sharply throughout the period considered, negatively impacting on all the financial performance indicators such as profitability, cash flow, return on investments and ability to raise capital.
I løbet af den betragtede periode steg EU-erhvervsgrenens samlede salgsmængde.
Over the period considered, the overall Union industry’s sales volume increased.
Stigningen i EU-erhvervsgrenens salgsmængder var dog ledsaget af et enormt fald i de gennemsnitlige salgspriser.
However, the increase in sales volumes of the Union industry was accompanied by a tremendous decrease in average sales price.
I den betragtede periode steg importen fra de interesserede parter i Kina både i mængder og markedsandele.
During the period considered, imports of the interested parties from the PRC increased in terms of volumes and market share.
Samtidig faldt importpriserne konstant og underbød markant EU-erhvervsgrenens gennemsnitlige priser på EU-markedet.
At the same time, import prices continuously decreased, undercutting significantly the Union industry’s average price on the Union market.
En række interesserede parter påstod, at EU-erhvervsgrenen og især EU-producenterne i stikprøven havde gode resultater.
Several interested parties claimed that the Union industry and in specific the sampled Union producers were performing well.
Det blev påstået, at udviklingen i visse skadesindikatorer, nemlig produktionsmængde, produktionskapacitet, salg og beskæftigelse og endda rentabiliteten hos visse producenter i stikprøven, var opadgående og ikke udviste væsentlig skade.
It was claimed that the evolution of certain injury indicators, namely production volume, production capacity, sales and employment but even in some sampled producers’ profitability, were increasing and would not show material injury.
Disse påstande blev ikke bekræftet af undersøgelsesresultaterne, som viste en klar nedadgående tendens for mange skadesindikatorer, som er relevante for konklusionen om, at EU-erhvervsgrenen led væsentlig skade.
These allegations were not confirmed by the results of the investigation, which has shown clear downward trends of many injury indicators, relevant for the conclusion that the Union industry suffered material injury.
Ud fra ovenstående bekræftede undersøgelsen navnlig, at salgspriserne ligger under produktionsomkostningerne og dermed har en negativ virkning på EU-erhvervsgrenens rentabilitet og nåede negative niveauer i UP.
In view of the above, the investigation confirmed in particular the fact that the sales prices are below the production costs, thus having a negative effect on the Union industry’s profitability, reaching negative levels during the IP.
Det konkluderes, at EU-erhvervsgrenens tab sandsynligvis ville føre til permanent indstilling af enhver EU-produktion af en vis størrelse af samme vare, hvis dumpingimporten fortsat kommer ind på EU-markedet.
It is concluded that should dumped imports continue to enter the Union market, the losses of the Union industry would be likely to lead to the permanent discontinuation of any sizeable Union production of the like product.
Dette bekræftes af udviklingen i og efter UP, dvs., at visse virksomheder har erklæret sig konkurs og/eller har indstillet produktionen midlertidigt eller permanent.
This seems to be confirmed by the developments during and after the IP, i.e. some companies has declared insolvency and/or stopped temporarily or permanently production.
En interesseret part påstod, at markedsvilkårene for den pågældende vare er forskellige i de enkelte medlemsstater, og at analysen af årsagssammenhæng derfor burde foretages for hver enkelt medlemsstat separat.
One interested party claimed that market conditions of the product concerned differ per Member State and that therefore the causality analysis should be made at the level of each Member State separately.
Nationale støtteordninger afgør i et vist omfang størrelsen af medlemsstaternes markeder.
National support schemes determine to a certain extent the size of the Member States’ markets.
Undersøgelsen har dog også vist, at efterspørgslen ikke udelukkende afhænger af støtteordninger.
The investigation has however also revealed that demand does not exclusively depend on support schemes.
Afhængigt af den geografiske placering (solindstråling) og elektricitetsprisen på et bestemt sted har solpaneler tilsyneladende nået eller været tæt på netparitet, hvilket betyder, at visse investeringer kan foretages uafhængigt af støtteordningerne.
Depending on geographical location (sun exposure) and the electricity price at a given location, solar panels appear to have reached, or were at least close to, grid parity, which means that certain investments take place independently of support schemes.
Det kunne derfor ikke fastslås, at markedsvilkårene udelukkende afhænger af støtteordninger, og denne påstand blev derfor afvist.
Therefore, it could not be established that market conditions depend exclusively on support schemes and this claim was therefore rejected.
Undersøgelsen viste, at dumpingimporten fra Kina steg drastisk i den betragtede periode og øgede mængden væsentligt med mere end 300 % for moduler, 482 % for celler og 648 % for wafere og markedsandelen med 17 procentpoint for moduler, 17 procentpoint for celler og 27 procentpoint for wafere.
The investigation showed that dumped imports from the PRC increased dramatically over the period considered, increasing their volumes significantly by more than 300 % for modules and of 482 % for cells and 648 % for wafers and their market share by 17 percentage points for modules, by 17 percentage points for cells and by 27 percentage points for wafers.
Det bekræftes derfor, at importmængden og markedsandelen for den pågældende vare steg drastisk i den betragtede periode.
Therefore, it is confirmed that volume of imports and market share for the product concerned increased dramatically during the period considered.
Der er et tydeligt tidsmæssigt sammenfald mellem stigningen i dumpingimporten og EU-erhvervsgrenens tab af markedsandele.
There was a clear coincidence in time between the increase in dumped imports and the loss of market share of the Union industry.
Undersøgelsen fastslog endvidere, jf. betragtning 117, at dumpingimporten underbød EU-erhvervsgrenens priser i UP.
The investigation also established that as mentioned in recital 117 above, the dumped imports undercut the prices of the Union industry during the IP.
Undersøgelsen viste, at prisen for dumpingimporten faldt med 64 % for moduler, 42 % for celler og 40 % for wafere i den betragtede periode og førte til en stigning i underbuddet.
The investigation showed that the prices of the dumped imports decreased by 64 % for modules, by 42 % for cells and by 40 % for wafers during the period considered and led to an increase of undercutting.
Over for dette prispres undergik EU-erhvervsgrenen en række omfattende bestræbelser for at nedbringe produktionsomkostningerne.
Against this price pressure, the Union industry underwent considerable effort to decrease its production costs.
Til trods for disse bestræbelser tvang de usædvanligt lave priser på den kinesiske import EU-erhvervsgrenen til at sænke sine salgspriser yderligere til urentable niveauer.
Despite these efforts the exceptionally low level of Chinese import prices forced the Union industry to further decrease its sales price to unprofitable levels.
EU-erhvervsgrenens rentabilitet faldt således drastisk i den betragtede periode, og EU-erhvervsgrenen led tab i UP.
Thus, the profitability of the Union industry decreased dramatically during the period considered and showed losses during the IP.
På baggrund af ovenstående konkluderes det, at tilstedeværelsen af import fra Kina og stigningen i markedsandelen for dumpingimport fra Kina til priser, som konstant lå under EU-erhvervsgrenens priser, har spillet en afgørende rolle for den væsentlige skade, EU-erhvervsgrenen har lidt, hvilket navnlig afspejles i dens dårlige finansielle situation og forværringen af de fleste skadesindikatorer.
Based on the above, it is concluded that the presence of Chinese imports and the increase of the market share of dumped imports from the PRC at prices constantly undercutting those of the Union industry have had a determining role in the material injury suffered by the Union industry, which is reflected in particular in its poor financial situation and in the deterioration of most of the injury indicators.
Importmængden fra andre tredjelande i den betragtede periode steg for moduler med 19 %, mens markedsandelen faldt i den betragtede periode fra 18,4 % til 6,8 %.
The volume of imports from other third countries during the period considered for modules increased by 19 % while the market share decreased over the period considered from 18,4 to 6,8 %.
Taiwan er den næststørste eksportør efter Kina.
Taiwan is the second largest exporter after the PRC.
Importmængden fra andre tredjelande steg for celler med 186 % i den betragtede periode, hvilket gav sig udslag i en stigning i markedsandele fra ca. 24 % i 2009 til ca. 36 % i UP.
The volume of imports from other third countries for cells increased by 186 % during the period considered which translated in an increase of market share from around 24 % in 2009 to around 36 % during the IP.
Hvad angår celler, er Taiwan den næststørste eksportør efter Kina, og overgår betydeligt importmængder og markedsandele fra andre tredjelande, men ligger stadig under Kinas.
As for cells, Taiwan is second largest exporter after the PRC, by far exceeding import quantities and market shares from the other third countries, but still below those from the PRC.
Importmængden fra andre tredjelande for wafere faldt med 19 % i den betragtede periode, og markedsandelen faldt fra 13,4 % i 2009 til 8,5 % i UP.
The volume of imports from other third countries for wafers decreased by 19 % during the period considered and market share from 13,4 % in 2009 to 8,5 % in the IP.
Som nævnt ovenfor er Taiwan den næststørste eksportør af wafere efter Kina.
As above, Taiwan is second largest exporter of wafers after the PRC.
Importniveauet og markedsandelen for Taiwan steg dog ikke væsentligt og lå i hele den betragtede periode på lave niveauer.
However, import levels and market share of Taiwan did not show significant increases and remained at low levels during the period considered.
Importprisen fra tredjelande for moduler, celler og wafere var i gennemsnit højere end den gennemsnitlige enhedspris for den kinesiske import.
The import prices of third countries of modules, cells and wafers were on average higher than the average unit price of the Chinese imports.
De foreliggende oplysninger om importen fra Taiwan viser, at den gennemsnitlige importpris for moduler og wafere var højere end den gennemsnitlige kinesiske importpris for moduler og wafere, hvorimod den gennemsnitlige importpris for celler lå på samme niveau som den gennemsnitlige kinesiske importpris for celler.
The information available as regards imports from Taiwan shows that the average import price for modules and wafers was higher than the average Chinese import price for modules and wafers, while the average import price for cells was in the same range as the average Chinese import price for cells.
Da der ikke forelå detaljerede prisoplysninger pr. varetype, kan prissammenligningen på grundlag af et gennemsnit dog kun anvendes som en indikation, men der kan ikke drages faste konklusioner på dette grundlag.
However, since no detailed price information per product type was available, the price comparison on an average basis can only be used as an indication but no firm conclusions can be drawn on this basis.
I den betragtede periode steg importmængden af celler fra Taiwan konstant og resulterede i en stigning i markedsandelen på ca. 14 procentpoint.
Throughout the period considered, volume of imports of cells from Taiwan increased continuously, resulting in a gain of market share of around 14 percentage points.
Til trods for stigningen i markedsandelen var mængderne for den undersøgte vare dog generelt lavere end for Kina, og priserne var generelt højere med undtagelse af celler i UP.
However, overall for the product under investigation, despite their increase in market share, the volumes were lower than PRC and their price levels were generally higher with the exception of cells during the IP.
På denne baggrund og især i lyset af importmængden og markedsandelen fra andre tredjelande og dennes prisniveau, som gennemsnitligt er identisk med eller højere end EU-erhvervsgrenens priser, kan det foreløbig konkluderes, at importen fra tredjelande ikke brød årsagssammenhængen mellem dumpingimporten og EU-erhvervsgrenens skade.
On these grounds, in particular in view of the import volumes and market shares from other third countries as well as their price levels, which are on average similar or higher than those from the Union industry it can be provisionally concluded that third country imports did not break the causal link between the dumped imports and the injury suffered by the Union industry.
Importmængder fra alle andre tredjelande (MW)
Volume of imports from all other third countries (MW)
Markedsandel for importerede varer fra alle andre tredjelande
Market share of imports from all other third countries
Gennemsnitlig importpris (EUR/kW)
Average import price EUR/kW
Importmængde fra Taiwan (MW)
Volume of imports from Taiwan (MW)
Importmængden fra USA (MW)
Volume of imports from USA (MW)
Importen fra USA udtrykt i markedsandele
Market share of imports from USA
Importmængde fra resten af Asien (MW)
Volume of imports from rest of Asia (MW)
Markedsandel for importen fra resten af Asien
Market share of imports from rest of Asia
Importmængde fra resten af verden (MW)
Volume of imports from rest of the World (MW)
Markedsandel for importen fra resten af verden
Market share of imports from rest of the World
Importmængden fra Japan (MW)
Volume of imports from Japan (MW)
Importmængde fra resten af verden (MW)
Volume of imports from rest of the world (MW)
Markedsandel for importen fra resten af verden
Market share of imports from rest of the world
Wafere
Wafers
Udviklingen i EU-forbruget
Development of the Union consumption
EU-forbruget steg, jf. betragtning 108, med 221 % for moduler, 87 % for celler og 29 % for wafere i den betragtede periode.
As mentioned in recital 108 above, Union consumption increased by 221 % for modules, 87 % for cells and 29 % for wafers during the period considered.
Samtidig steg markedsandelen for Kina stærkt indtil 2011 og lå derefter stabilt på et betydeligt højt niveau i UP, hvor forbruget faldt.
At the same time, the market share of the PRC was increasing sharply, until 2011 and then remained stable at significant high level during the IP, when consumption fell.