EnergyWatch

Danish wind supplier buys competitor and opens new facility

A Danish subcontractor is approaching huge revenues after the takeover of a Spanish company and plans for a second factory in China.

Photo: JSB Plast

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs