DGAP-News: Nordex SE: Nordex adjusts structures to local US market situation
(firmenpresse) - DGAP-News: Nordex SE / Key word(s): Restructure of Company
Nordex SE: Nordex adjusts structures to local US market situation
28.06.2013 / 07:38
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* All production to be concentrated in Rostock (Germany) plant
* Goal is to maximize capacity utilization and achieve sustainably higher
profitability
* All closure expenses accounted for in 2012
Hamburg, 28 June 2013 - Nordex SE announced today that the company will
cease nacelle production at its Jonesboro, Arkansas facility after it
completes the orders in its current pipeline. The decision was driven by
the wind industry's global overcapacity and the continued uncertainty and
instability of the US market. The decision will not impact the current
year's business performance, as exceptional expenses were already accounted
for in 2012 as previously reported.
Dr. Jürgen Zeschky, CEO of Nordex SE, explained, 'This was an extremely
difficult decision for Nordex. We are reacting to the weakened demand from
the US market, brought on by the unpredictable extensions of the Production
Tax Credit (PTC), and the resulting low utilization rate of our US assembly
plant. We see great potential in the US and Latin American markets and are
committed to serving those markets and increasing our installed base. With
this decision we also increase our flexibility to react to US demand for
our turbines out of one single plant in Rostock, Germany. We will be
maintaining the extensive expertise in sales, engineering, service, project
management, training and support which we have built at our Chicago and
Jonesboro locations to continue the growth we have achieved through these
challenging times.'
Ralf Sigrist, President&CEO of Nordex USA, Inc. commented, 'This is a sad
day for all of us at Nordex USA. We will lose valued colleagues, who have
done their very best for us, but the decision was inevitable considering
the underutilization of our plant.'
In the future, nacelles for the North and Latin American markets will be
supplied from Nordex' factory in Rostock, Germany, using the global supply
chain and logistics support based there. Service activities for all
existing US wind farms are not affected by the closure of the US
production. The training academy, the central parts storage and the repair
facility in Jonesboro will remain in operation to support Service and
Operations in the Americas. Around 40 employees will be affected with
layoffs beginning in the fall 2013.
The restructuring of the company in the United States is in line with
Nordex' strategy to position its operations to maximize capacity
utilization.
For more information, please contact:
Nordex SE
Felix Losada
phone: +49 (40) 30030-1000, facsimile: -1333
End of Corporate News
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28.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Nordex SE
Langenhorner Chaussee 600
22419 Hamburg
Germany
Phone: 040 / 30030 1000
Fax: 040 / 30030 1101
E-mail: info(at)nordex-online.com
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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218610 28.06.2013
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Datum: 28.06.2013 - 07:38 Uhr
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News-ID 274223
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