Danish composite manufacturer JSB Group is expanding on two fronts. The sub-contractor, which counts Vestas, Siemens, GE, and Nordex among its customers, has bought Spanish competitor MEP and initiated the establishment of a new factory in Dafeng north of the Chinese city of Shanghai. JSB, which is headquartered in Ringkøbing, Denmark, already runs production facilities further north in China, in the US, and by the HQ.
Neither the purchase sum nor the price of the Chinese expansion have been announced. But while the Spanish company boasts approximately DKK 100 million (EUR 13.4 million) in revenue and 100 employees, the Chinese factory will start with 5,000 m2 and will employ between 50-75 people. As such, this is an expansion of approximately 40 percent, from its current size of approximately 400 employees and DKK 600 million revenue.