in News Departments > New & Noteworthy
print the content item

Moventas, a supplier of wind turbine gears and industrial gears, will invest an additional 100 million euros in wind turbine gear production. This will provide almost 300 additional jobs and two new production sites in Finland and the U.S.

The new Moventas plant will be in Faribault, Minn., and will employ about 100 employees, who will work primarily in assembly and testing.

"The decision to invest is a strong signal that Moventas wants to capture the growth of the business and to meet customer demand," says Ilkka Hakala, CEO and president of Moventas. "Expansion of production in North America is a significant step closer to our customers, and it strengthens our ability to meet the after-sales service demands in the market."

Ground breaking for the new sites in the U.S. and Finland will start this fall, and production is expected to start at the end of 2009. Full capacity is estimated from the beginning of 2011, according to the company.

SOURCE: Moventas


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965
UnitedEquip_id1995