September 15, 2010 03:28 ET
Global capacity expansion speeding up - MOVENTAS TO ESTABLISH WIND GEAR ASSEMBLY LINE IN PORTLAND, OREGON USA
VANTAA, FINLAND--(Marketwire - September 15, 2010) -
One of the biggest wind gear manufacturers in the world, Finland-based
Moventas,
will build up wind gear assembly capacity in USA. The new facility in
Portland
will serve the growing customer demand in the USA markets by the end of the
year
2010.
With the investment in Portland, Moventas is taking a significant step
expanding
its global manufacturing and assembly offering for both wind turbine
manufacturers and gear service customers. USA as one of the fastest growing
wind
markets was a natural choice of location.
- Expanding our existing facilities in Portland for wind gear assembly is
the
first step. The initial capacity will be 200 MW, which means 100-150 mid-
size
wind turbine gears per year. We will also continue with preparations for
building up even larger capacity in the Midwest area, says Jukka
Jäämaa,
Moventas CEO & President.
At the moment, Moventas' wind gear manufacturing is concentrated in
Jyväskylä,
Finland. The ultramodern facilities in Jyväskylä will continue to
manufacture
wind gear key components also in the future, but the assembly and testing
capacity for USA deliveries will be moved closer to the customers. In North
America Moventas already has gear service facilities in Greenville (SC),
Big
Spring (TX), Portland (OR) and Cambridge (Ontario, Canada).
More information
Jukka Jäämaa, Moventas Oy,
CEO & President, +358 50 526 7665,jukka.jaamaa@moventas.com
----
Moventas is one of the largest manufacturers of wind turbine gears in the
world.
The company also manufactures power transmission solutions for industry use
and
provides services for their overhaul and maintenance. Majority of the
products'
end use is connected with renewable energy. In 2009 Moventas generated net
sales
of EUR 237 million. The company has approximately 1,200 employees in nine
countries globally with a world-wide partner network. European private
equity
investor IK Investment Partners holds the majority of the shares in
Moventas.
www.moventas.com
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Source: Moventas Oy via Thomson Reuters ONE