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LM Glasfiber Signs Agreement with Goldwind

19 February 2007

LM Glasfiber has signed a strategic cooperation agreement with China’s leading wind turbine manufacturer Xinjiang Goldwind Science & Technology Co., Ltd.

The agreement comprises a firm blade supply contract of minimum six-years for the Goldwind 70/1,500kW and 77/1,500kW turbines and an additional contract to develop blades for Goldwind’s next generation of turbines of 2 MW and above for onshore and offshore applications.

The blades will be delivered from a new LM Glasfiber factory in Urumqi, Xinjiang, where Goldwind is based as well as from LM Glasfiber’s existing factory in Tianjin. Supply from the new factory is expected to begin in the middle of 2007.

Wu Gang, President of Goldwind says: “We are very pleased to have signed the agreement with LM Glasfiber enhancing our cooperation. Wind power is a strategic priority area in China and Goldwind is strongly committed to turn our ambitious targets into reality. Therefore we are pleased that LM Glasfiber will bring their expertise and experience into our cooperation and ensure a supply of blades for our strong pipeline of projects.”

Søren F. Knudsen, Sales and Marketing Director of LM Glasfiber says: “China is likely to be one of the fastest developing wind power markets in the world and Goldwind has a leading market position. We are proud to have been able to expand our cooperation based on our competitive technology and proven quality showing also our commitment to be a significant supplier to the Chinese market.”





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