Siemens Wind Power sees soaring profits and plans expansion  

2007.02.01
Siemens Wind Power, headquartered in Brande, Denmark, almost doubled its revenues in 2005/2006 from DKK 3.1 bn to DKK 5.9 bn
Siemens Wind Power, headquartered in Brande, Denmark, almost doubled its revenues in 2005/2006 from DKK 3.1 bn (USD 527 m) to DKK 5.9 bn (USD 1 bn), a figure which only covers business activities in its Danish company. Andreas Nauen, MD of Siemens Wind Power said at a press meeting Tuesday that Siemens plans to further expand its business activities.
 
The plans include establishing new factories in China, Canada and Spain, as well as new development departments in Denmark and abroad, of which the first has been established close to the Technical University of Denmark (DTU). A similar department is on its way near Aalborg University.
 
Siemens entered the wind turbine industry in 2004 through the acquisition of Bonus Energi, which at the time was Denmark's oldest wind turbine manufacturer and the world's fifth largest. Since then, the workforce has tripled to almost 2,400 and is expected to increase to 2,900 in 2007. The news was reported by financial daily newspaper Børsen.
 

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