Earthmover and Civil Contractor
October, 2007 Page: 6
New Zealand based Windflow Technology's turbine production is forecast to quadruple over the next five years once orders for its Windflow 500 are confirmed. This anticipated growth led the company to move its head office in late September into larger premises in Christchurch that combine office and factory space. "This marks a turning point in the company's history as we make a successful transition from a small start-up company to a dynamic manufacturing business with excellent prospects," said CEO/director Geoff Henderson.
Existing sales of the successful Windflow 500 turbine will increase revenue for Windflow Technology by over $20m over the next year with a forecast of an additional $40m in revenue contingent on expected orders from the Te Rare Hau joint venture. The new premises will enable the Windflow 500 nacelle assembly line and engineering and management team offices to be housed under one roof.
Windflow Technology employs 24 permanent staff and intends to increase staff numbers to up to 40 to meet the growth plan. Around 30 people are employed at companies contracted by Windflow Technology for the manufacture of component parts for the Windflow 500. The company's expansion is in contrast to the proposed closure of Vestas wind turbine component plant at Portland, Victoria, later in the year.
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