Vestas to halt production at China plant on expected weak demand

25/06/2012 00:22 Renewable

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Danish wind turbine maker, Vestas Wind Systems has decided to halt production at its factory in Hohhot, China, making redundant 300-350 employees.

The phase out will include the V52-850 kilowatt and V60-850 kilowatt turbines following an expected weak market demand in the next years. The halt of the production at the Hohhot factory will come into force over the summer and will lead to annual savings of around EUR 10million. The cost of closing the factory is covered by the 2012 guidance for special items of EUR 50-100million. In spite of the termination of the production at the Hohhot factory, Vestas will remain strongly committed to China and it will honor its sales obligations and make sure that any further negotiations for kilowatt orders will be completed considering the customers’ needs and Vestas’ profitability.

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