TPI Composites Expands its Relationship with Gamesa and Signs New Supply Agreement in Turkey
March 28 2017 - 5:15PM
TPI Composites, Inc., (TPI) (Nasdaq:TPIC), the largest U.S.-based
independent manufacturer of composite wind blades, announced today
that it has entered into a long-term agreement with Gamesa to
supply wind blades from its new manufacturing facility in Izmir,
Turkey through 2022. TPI has reserved two mold slots and expects to
commence manufacturing for Gamesa from one line in early 2018 with
the second line under an option agreement through September 30,
2017.
“We are pleased that Gamesa has chosen to expand its business
relationship with us in Turkey and outsource blade production for
the EMEA region,” said Steve Lockard, TPI’s President and CEO.
TPI has been building wind blades for Gamesa in Mexico since
2014 under a long-term supply agreement.
“We look forward to delivering high-quality, cost competitive
wind blades to Gamesa in the EMEA region,” added Senol Bircan,
TPI’s Vice President – EMEA Operations.
About TPI Composites, Inc.
TPI Composites, Inc. is the largest U.S.-based independent
manufacturer of composite wind blades for the wind energy market.
TPI delivers high-quality, cost-effective composite solutions
through long term relationships with leading wind turbine
manufacturers. TPI is headquartered in Scottsdale, Arizona and
operates factories throughout the U.S., Mexico, China and
Turkey.
Investor Contact:
investors@tpicomposites.com
480-315-8742
TPI Composites (NASDAQ:TPIC)
Historical Stock Chart
From Mar 2024 to Apr 2024
TPI Composites (NASDAQ:TPIC)
Historical Stock Chart
From Apr 2023 to Apr 2024