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MingYang launches US expansion with first office outside China

CHINA: Turbine manufacturer MingYang Wind Power Group has announced plans to open an office in Dallas, Texas, as part of its international expansion plans.

MingYang 1.5MW turbines
MingYang 1.5MW turbines

MingYang is one of China's largest turbine manufacturers with 2,000 employees in five offices. The US office will be its first outside the country and will market to the both North and South America.

Additionally the company also said it was expecting to build manufacturing plants in the US.

Speaking about the move, MingYang senior vice president Wang Song said: "Mingyang chose Dallas for our operations centre outside China because of its strategic location, employment base and pro-business environment."

In December, GreenHunter Energy of Grapevine, Texas, has sold its minority ownership equity in MingYang to DT Capital China Growth Fund, for a cash payment of $9,110,000.

MingYang is the second Chinese manufacturer to make a major move in the US wind energy market recently.

Last week, Goldwind said it had appointed First Wind vice-president and chief financial officer Tim Rosenzweig to be the CEO of Goldwind USA.

Like MingYang, Goldwind said Rosenzweig's brief would be to build the company's presence in both North and South America.

 

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