Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Denmark

Denmark

Skykon puts Scottish factory into administration

UK: Danish turbine manufacturer Skykon has put its Scottish factory into administration, less than a year after it bought the facility from Vestas.

Skykon acquired the tower factory in March last year along with a £2.4 million expansion grant from the Scottish government.

A new company, Welcon, was formed to handle what was Scotland’s only wind manufacturing plant. It is located in Kintyre, a peninsula of west Scotland.

Vestas announced its intention to pull out of manufacturing in Scotland in August 2008.

These are difficult times for Skykon. In October last year, the company announced it was suspending payments to creditors.

Commenting on the move CEO Jens Pedersen said: "The wind turbine industry is project based and very cyclical, and it is currently being affected by a number of negative factors in the wake of the financial crisis.

"These effects have also impacted Skykon to the effect that we are in a very cash-strapped situation."

 

 

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs