Vestas to sell tower manufacturing factory in Pueblo to CS Wind
Vestas has signed an agreement with CS Wind, a South Korean wind tower manufacturing company, for the sale of its tower manufacturing facility in Pueblo, Colorado.
The financial details of the transaction were not disclosed.
The Pueblo factory was the world’s largest tower manufacturing facility at the time of its commissioning in 2009. Currently, the factory employs over 500 people and manufactures more than 3,000 tower segments annually.
The tower manufacturing facility in Colorado is the last tower factory in Vestas’ footprint that the company owns and operates itself.
Vestas to sell tower manufacturing factory in Pueblo to CS Wind. Photo courtesy of Jeffrey Beall/Wikipedia.org.
The agreement by Vestas aims to allow the factory to be run by a company specialized in tower manufacturing. The transfer of ownership to CS Wind will enable increased output along with the creation of sustained local jobs by extending production of towers to various wind turbine manufacturers, including the Danish firm.
According to the agreement, the Danish turbine maker is entitled to an agreed-upon volume of the output of the tower factory for securing domestic supply for the North American market.
Tommy Rahbek Nielsen – Executive Vice President and COO of Vestas said: “Across our global supply chain footprint, we are involving more partners to build on the foundations we have established for wind energy. This includes honing our own resources to where they can be most effective and transferring parts of our operational setup to be run by other industry leaders who can create more value and secure additional long-term jobs.
“I’m therefore very excited about the agreement with our long-term partner CS Wind to expand our cooperation further, which can help grow and mature the supply chain in Colorado.”