Nordex Group announces new strategic collaboration with TPI Composites in Mexico

0

DGAP-News: Nordex SE / Keyword (s): Alliance
23.07.2021 / 07:30
The issuer is solely responsible for the content of this advertisement.

Hamburg, July 23, 2021. In the context of continued market dynamics and strong order intake, the Nordex Group and the American rotor blade manufacturer TPI Composites have agreed a unique strategic partnership in addition to collaborating in Turkey and India. As part of this innovative collaboration model, the Nordex Group will transfer the operation of its Mexican production of rotor blades in Matamoros to TPI for a period of three years. From July 2021, during this period, the two partners will further increase the efficiency and production of rotor blade production, which primarily serves the US markets, drawing on TPI’s unique expertise in as a leading expert in rotor blade process technology.

The Nordex plant currently produces two different types of rotor blades. TPI will take over the installation and start producing blades exclusively for the Nordex group. The agreement also includes details of the return of the fully operational facility to the Nordex Group in 2024. The agreement also provides for a mutually agreed extension option. In order to ensure continuity of production, TPI will take over the approximately 1,500 employees of the Nordex rotor blade production plant in Matamoros.

The transaction marks another important step on the Nordex Group’s growth path by further strengthening its global production footprint and increasing the flexibility of its supply chain for key components.

“We are very happy to have TPI, the world’s leading manufacturer of rotor blades with a strong presence in Mexico, as a strategic partner”, explains José Luis Blanco, CEO of the Nordex group. “This partnership allows us to preserve our profitable growth in the years to come and to seize new market opportunities by guaranteeing fast deliveries and high delivery reliability for our American customers in particular. This allows us to focus our resources on our other global strategic upsurges. Activities.”

“We are delighted that the Nordex group has chosen to extend its relationship with TPI by entrusting us with its blade production in Mexico. It has been a strong global relationship since 2013, ”adds Bill Siwek, President and CEO of TPI.

The Nordex Group and TPI have worked closely together for years: since 2013, the Nordex Group has been purchasing its rotor blades from TPI in Turkey, from TPI in China until 2020, and has started purchasing rotor blades from TPI in India in 2021.

The Nordex Group – a profile
The Group has installed more than 33 GW of wind capacity in more than 40 markets and generated sales of 4.6 billion euros in 2020. The company currently employs a workforce of approx. 8,500. Joint manufacturing capacity includes factories in Germany, Spain, Brazil, United States, India and Mexico. The product portfolio focuses on class 4 to 5.X MW onshore turbines, which are tailor-made for the market requirements of countries with limited space and regions with limited grid capacity.

Contact for press inquiries:
Nordex SE
Antje Eckert
Telephone: +49 (0) 40/300 30 – 2158
[email protected]

Contact for investor inquiries:
Nordex SE
Felix Sandre
Telephone: +49 (0) 40/300 30 – 1116
[email protected]

Tobias Vossberg
Telephone: +49 (0) 40/300 30 – 2502
[email protected]

07.23.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
Archives on www.dgap.de


Source link

Leave A Reply

Your email address will not be published.