Gamesa to invest $116m in factories

Spanish wind turbine maker Gamesa has unveiled major plans aimed at maintaining its leading position in the Chinese market as competition and demand increase.



SEATTLE: Gamesa says it will invest €90m ($116.8m) through to the end of 2012 "to meet rising demand from the wind-energy industry in the country and to address local production needs in the medium term for its new G9X-2.0MW, G10X-4.5MW and offshore turbine systems". It is a major increase on the €42m it invested in 2009.

Chairman Jorge Calvet says Gamesa's strategy is "to cement its position as one of the top five players" in the world's largest wind market, which is expected to account for between 800MW and 1GW…

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