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LM Glasfiber Establishes Fourth Blade Manufacturing Facility in China

12 March 2010

LM Glasfiber has signed a strategic cooperation agreement with a new customer, Envision, a leading Chinese wind turbine manufacturer.

The agreement comprises a firm blade supply contract of minimum 2,000 MW for Envision's wind turbines, starting with their 1.5 MW turbine. As a result of the agreement, LM Glasfiber will establish its fourth manufacturing facility in China, in Jiangyin, close to Shanghai. Production in the new factory is on track to begin in Q2 this year.

This agreement also marks one of LM Glasfiber's first large scale contract based on the new innovative rotor blade concept called GloBlade. LM say that the 42.1 GloBlade1 offers a step change to the industry standard for the 1.5 MW wind turbines currently available in the market, with an innovative aerodynamic design which allows for an additional annual energy production increase of 4-5% over 40.3 blades.

Lei Zhang, CEO of Envision says: ""I am pleased to have signed this agreement with LM Glasfiber ensuring the delivery of high performing, high quality blades for our high quality wind turbines. LM Glasfiber's know-how, global footprint and long track record in the wind business will be a great asset to us as we expand our business in China and internationally.""

Ian Telford, VP Sales and Marketing of LM Glasfiber adds:""We are looking forward to our close cooperation with Envision which is a very professional and ambitious Chinese player. With this agreement we further strengthen our foothold in China and secure our continued growth in this strategically important market. We again prove our leadership within rotor blade design as we bring the first series of GloBlades® to the market. This innovative concept, with highly efficient blades that set new standards for cost of energy from wind, will not only increase our market share in China but expand the potential wind market into lower wind areas across the world.""

LM Glasfiber's fourth Chinese factory will be located in a new renewable energy business development area next to the Yangtze river in Jiangyin about two hours drive west of China's largest city, Shanghai. Work on the site has already started based on LM Glasfiber's modular factory design, and once in operation, the factory will provide work for approximately. 225 people.

LM Glasfiber established manufacturing in China in 2001 with the opening of its first factory in Tianjin. The second facility was opened in Urumqi in 2007 followed by the third in Qin Huang Dao in 2009.





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