Denmark's Vestas Wind Systems, the world's leading supplier of wind power solutions, has just gained itself another leading position – as one of the 150 companies chosen by Dow Jones Indexes to form part of the newly launched Global Dow, which has been created to reflect the increasingly globalised nature of modern investment.
In a press release on the Dow Jones Indexes website, executive director John A. Prestbo says: "From a solar power company in Norway to a telecommunications enterprise in India, the objective of The Global Dow is to measure the performance of 150 blue-chip stocks worldwide."
In choosing the stocks for the new index, Dow Jones editors considered criteria such as the companies' size, reputation and importance to the global economy. The Global Dow includes not only companies that are driving the global economy today, but also those who are poised to do so in the future.
The largest three firms in The Global Dow are all US concerns: Exxon Mobil, Procter & Gamble and General Electric. The three smallest are General Motors (US), Renewable Energy (Norway), and Suntech Power (China).
Vestas is headquartered in Randers, Jutland, and employs 17,000 people worldwide. The company has installed more than 35,000 wind turbines in 63 countries on five continents, and has a 23% share of the world market. In H1 2008, Vestas increased its net profit by 44% to EUR 98m (USD 123m). The company's forecast for 2008 is a 25% worldwide market share and a turnover of EUR 5,700m (USD 7,152m).
Vestas has production facilities in Denmark, Germany, China, India, Italy, UK, Spain, Sweden, Norway, Australia and USA, and has planned or operational research facilities in Denmark, Singapore, India (Chennai), USA (Houston) and UK (Isle of Wight).