LM Glasfiber Expands Global Wind Power with Large Blade Contract

Under a new three-year supply agreement, LM Glasfiber will supply Gamesa Eolica S.A. with more than 1,000 megawatts (MW) of blades custom-designed for the 2 MW Gamesa G87 wind turbine from factories in Spain and the U.S.

“The strategic supply agreement with LM Glasfiber for supply of blades for our large turbines will mitigate capital intensity in our global growth strategy and increase flexibility in our supply chain in the current demand-driven global market,” said Cesar Fernandez de Velasco, Gamesa General Manager of Operations. Speaking for LM Glasfiber, Soren F. Knudsen, Sales and Marketing Director, said, “We’ve been engaged in design and production discussions with Gamesa for some time, so the conclusion of these discussions by the signing of a long-term agreement is excellent news. The supply agreement increases our long-term order visibility.” Production is scheduled to begin in the second half of 2006.The agreement is to be followed by an expansion of LM Glasfiber’s manufacturing facilities in the U.S.
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