BRIEF

on Nordex SE (isin : DE000A0D6554)

Nordex Group to Restart Production in Iowa, US Facility

Hamburg, 27 June 2024. The Nordex Group announces the resumption of production at its facility in West Branch, Iowa. This move aligns with its North American growth strategy. The facility will produce nacelles for the N163 turbine variant and a new product tailored to the US market. The company has been active in the USA since 2000, with offices, a training academy, and several service points across the region.

Alberto Fernandez, Chief Operations Officer, states that the Iowa facility remains ready for operations, mainly producing components for the US and Canada. Recruitment and training will start in the second half of 2024.

CEO José Luis Blanco emphasizes that manufacturing nacelles in the US is vital for local procurement and the company’s expansion in North America. This step aims to capitalize on the expected market growth in the US and Canada.

Manav Sharma, CEO of Division North America, adds that with support from the Global Nacelle team, the US team will build on the existing local supply chain. Production capacity is expected to exceed 2.5 GW annually by the first half of 2025, creating new jobs in the US.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Nordex SE news