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Denmark

Denmark

200 NEW STAFF MEMBERS

Wind turbine rotor blade manufacturer, LM Glasfiber, took on 200 new staff members last year for employment in its six manufacturing facilities in Denmark. The company also has a manufacturing plant in Germany (after its takeover of Aeroconstruct GmbH last year), with 40 employees and is setting up joint-venture production facilities in Spain and India. Meantime, LM's owner, Flemming Skouboe, is stepping down as company director to make way for two new directors, Anders Christensen (sales and marketing), and Lars Mikkelsen (finance). Both new directors come from the company's leadership. Skouboe remains on the board of LM and as director of holding company, LM Glasfiber Finans ApS. Two-thirds of LM's turnover, of around DKK 200 million, comes from wind turbine blades, 90% of which are for projects outside Denmark. LM also makes other glass fibre products, including fish ponds. The Indian factory, jointly owned with NEPC Micon of Madras, will have a production capacity of 900 blades a year and is expected to be operational by March. In Spain, LM's partner is ICSA, a subsidiary of the national electric utility.

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