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LM Glasfiber to Open New Blade Plant in Arkansas

23 July 2007

LM Glasfiber today plans to open a new facility in Little Rock, Arkansas, scheduled to begin operations in first quarter 2008 and to employ over 1,000 people within five years.

“We are very pleased to announce our new facility in Little Rock. The Little Rock plant is key to enabling us to serve our growing portfolio of customers in North America”, says LM Glasfiber CEO Roland M. Sundén. “The facility will help secure our customers’ long term blade supply thereby enabling their ambitious growth strategies while also increasing the robustness and visibility of LM Glasfiber’s North American sales.”

“We couldn’t be happier with the location” adds Roland M. Sundén. “Not only is the site ideally located to serve some of the central US demand for wind development, but Arkansas was able to accommodate our aggressive ramp up schedule and we have every confidence they will exceed our stated goals. The site itself offers excellent logistical options, whether by road, rail, air or marine. And when we considered the kind of amenities that are conducive for LM Glasfiber to attract and retain the people and talent we need, Little Rock was a natural choice for us.”

“LM Glasfiber adds another industry-leading company to Arkansas, and specifically to Little Rock,” Governor Mike Beebe said. “Not only does LM Glasfiber offer a global presence, but it will supply skilled and technical jobs to our citizens. LM Glasfiber also elevates Arkansas’s presence among the growing state and national interest in the renewable energy industry. This development is another step forward for our state’s economy in today’s global marketplace.”

LM Glasfiber expects to sign the agreement with the State of Arkansas and the city of Little Rock in the immediate future.

The Little Rock plant will be LM Glasfiber’s third North American production facility; effectively doubling the capacity of the existing factories in Grand Forks, North Dakota and Gaspé, Quebec. This latest capacity expansion reflects an overall strong market demand coupled with optimism for continued stability in the US market. The US is currently the largest market for new wind projects and the second globally in existing wind project installations.





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