Denmark's Vestas Wind Systems, the world's leading wind turbine manufacturer, has inaugurated new production facilities close to Aarhus, Jutland. The news follows closely on several investment announcements from Vestas, the most recent last week when the company revealed its largest single investment so far of USD 240m in a wind turbine tower factory in Colorado, USA.
The new facilities in Denmark, which are part of Vestas Control Systems, include one of Europe's most modern electronics factories and a competence centre, writes financial daily newspaper Børsen. The centre will function as a link between Vestas Technology R&D and the factories to support an optimally integrated product development process.
Vestas CEO Ditlev Engel said at the inauguration: "This will ensure Vestas' position on the market in the future. This is where Vestas must make a difference."
Jan Zneider of the Confederation of Danish Industry commented: "This is one of the most modern factories in the world, but it is surprising that it is located in Denmark. It is an expression of Vestas seeing the development of electronics as crucial to the company."
Vestas Control Systems has spent the last 12 months expanding its existing factory in Hammel near Aarhus to four times its original size. Approx. 550 people will be employed at the new 22,000 m2 facility.
Vestas is headquartered in Randers, Jutland, and employs 17,370 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 2007, Vestas generated revenues of EUR 4.9bn and profit after tax totalled EUR 291m. The company 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).