Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Wind energy and turbine company Winwind Oy is to employ approximately 240 persons by 2010 by investing in a new wind turbine factory to be built near the Hamina harbour on the South coast of Finland. The total value of the investment is approximately 20M EUR. In the factory, 3-megawatt wind turbines will be assembled for the European market. 160 units (500 MW) will be manufactured per year, which will represent almost four times the current installed wind energy capacity in Finland (128 MW). By 2011 it will be possible to double the production capacity of the Hamina factory. The direct effect on employment would then amount to 350–400 jobs. Because a significant part of WinWinD's subcontractors are currently located in Finland, the indirect effect would be considerable in the country.
The contract for the new factory project was signed today between WinWinD, the City of Hamina, Cursor Oy and Oka Oy. At the same time, WinWinD and Haminan Energia signed a delivery contract for a 12 MW wind park to be built in the Summa region of Hamina.
WinWinD plans, develops and manufactures technologically advanced one and three megawatt wind turbines. The technological know-how of the company is internationally recognized, and it has great potential in strengthening its position towards new markets and of growing into a significant factor in the wind energy market. WinWinD’s head office is located in Helsinki with offices in Oulu, Finland and Chennai, India, where a large wind turbine factory is also under construction which will serve the Asian market.
About WinWinD
WinWinD Oy supplies one and three megawatt wind turbines based on low speed technology. The most significant benefits obtained have been operating reliability and high availability. An advanced planetary gear solution and low speed synchronous generator form the heart of the concept, which combines the reliability of a modern direct drive and the compactness of the traditional high speed gear system. Low rotational speed together with proper dimensioning ensure reliability and high availability. WinWinD head office is located in Helsinki with assembly plants in Finland and India.
For more information see www.winwind.fi.
Eurofound (2008), WinWind, Business expansion in Finland, factsheet number 67665, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67665.
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