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Turbine producer Nordex picks Arkansas for US manufacturing hub
1 November 2008
German wind turbine producer Nordex has chosen Jonesboro, Arkansas, as the location for its US manufacturing hub. The $100 million facility will employ 700 people at peak manufacturing and produce or assemble everything needed for Nordex wind turbines, including the rotors, hubs, blades and nacelles. Towers are the only component to come from another source. The factory will have a target annual assembly capacity of about 750 MW, with production to start by January 2010. For the US market, Nordex will focus on its 2.5 MW designs. Arkansas is not a strong wind power state, with no commercial projects installed, but it has a strong manufacturing base, good transportation options, including the Mississippi river for barge transport, and is centrally located near the Midwest's stronger wind states. The news did little to reverse a steady decline in Nordex' share price during last month. By the last week of October, it had dropped from around EUR 18 at the start of the month to around EUR 8.
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