Nordex collaborates with Fábrica Argentina de Aviones to set up local manufacturing capacity in Argentina

DGAP-News: Nordex SE / Key word(s): Alliance

20.12.2018 / 12:20
The issuer is solely responsible for the content of this announcement.

Nordex collaborates with Fábrica Argentina de Aviones to set up local manufacturing capacity in Argentina

  • In 2019 a new assembly line for wind turbines will be set up in Córdoba
  • A key step for providing share of local value added in this growth market
  • Investment to create new jobs in the region

Hamburg, Buenos Aires, 20th December 2018. The Nordex Group plans to further improve its competitiveness in Argentina and shore up its growth path there over the long term. The company has now entered into an agreement with Fábrica Argentina de Aviones “Brig. San Martin” S.A (FAdeA) with a view to setting up a local assembly line for turbines.

The production facility for nacelles and hubs for the AW3000 turbine is to be established in Córdoba and start operation in the coming year. 48 AW132/3300 turbines for the recently announced orders from the electricity supplier AES Argentina Generación are already to be manufactured here.

The assembly shop is designed for an annual capacity of up to 150 turbines of the 3 MW class, which equates to a potential output of 500 MW. As the Nordex Group is also planning two local production plants for concrete towers in Argentina, the share of local integration of the turbines produced and installed locally by the Nordex Group will increase to up to 36 percent.

The nacelles & hubs factory will employ up to 100 specialists, plus a further 200 employees in each of the two concrete tower plants.

“To date we have been very successful in Argentina and over the past two years have received orders for more than 600 MW. We are convinced that the market has enormous potential. The authorities have done great work by launching the RenovAR and MATER programmes in order to create the preconditions for this growth market. Today there are several GW under construction. Our local production plant here is a first step: in the coming years we plan to further localise the supply chain in order to meet national requirements. So this will mean even more jobs for the Argentinian industry,” says José Luis Blanco, CEO of Nordex SE.

Oscar Aguad, Minister of Defense of Argentina, remarked “We wanted to develop a strategic and sustainable FAdeA and in order to achieve this goal we had to generate new businesses in the aeronautical industry as well as in industries with similar technological characteristics, highly demanding and with potential for development, such as wind energy.” then he added “This, together with recently signed agreements with leading international companies in the commercial and military aviation industry, brings us closer to our objective for 2023, FAdeA’s revenues should come 50% from the State and 50% from Third Parties”. He finally concluded “the industrial & metallurgical sector must take good note of the value they can bring to this growing commercial development”.

Fábrica Argentina de Aviones “Brig. San Martin” S.A – a profile
FAdeA is a listed company run by the Argentine Ministry of Defense with more than 90 years of history in the aeronautical industry. Now, following a new strategic vision, the company has developed and introduced new international business associated with military and commercial industry, to which we now add sustainable energy in order to widen its activities.

The Nordex Group – a profile
The Group has installed more than 23 GW of wind energy capacity in over 25 markets and in 2017 generated revenues of EUR 3.1 billion. The company currently has about 5,000 employees. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States and India. The product portfolio is focused on onshore turbines in the 1.5 to 4.8 MW class, which are tailor-made for the market requirements in countries with limited space and regions with limited grid capacity.

Press contact:
Felix Losada
Phone: 040 / 300 30 – 1141

Contact for investors:
Felix Zander
Phone: 040 / 300 30 – 1116

20.12.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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