Wind energy firm Skykon has new ambitions in China and the US  

2009.09.10
The Danish wind energy supply chain company Skykon is set to acquire a wind turbine tower manufacturer in the US and build a new factory to make composites in China
The Danish wind energy supply chain company Skykon is set to take its international ambitions two steps forward by acquiring a wind turbine tower manufacturer in the US and building a new factory in China, reports financial daily newspaper Børsen.
 
The identity of the US firm from whom Skykon is looking to acquire the wind turbine tower factory has not yet been revealed, but the investment is reported to be in the DKK 400-500m (USD 77-96m) range. Skykon's managing director Jesper Øhlenslæger told Børsen: "We are currently negotiating with the local authorities, and things look promising. We are exploiting our management and financial muscle this year to make this acquisition."
 
In China meanwhile, Skykon has more or less finalised its plans to build a new factory near the capital Beijing, where the company will produce the plastic and fibreglass composite materials that form the main part of wind turbine blades. The company has opted for a newbuild solution since it was unable to find a suitably attractive acquisition target.
 
According to Børsen, Skykon has no plans to produce towers for wind turbines in China in competition with the large number of local players. But in the US, Skykon plans to extend the activities of the tower factory it is negotiating to buy, with composite manufacturing for wind turbine blades.
 
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