"Balanced expert perspective available fromour huge archive dating back to 1985"
The meaning of "renewable"
1 May 1994
"Renewable" now has more than one meaning for LMW of Groningen. Last month the manufacturer of small wind turbines demonstrated its own renewable qualities after collapsing in bankruptcy. Only days after closing business at the end of March it reappeared again as LMW Renewables. Company director Johan Kuikman says the bankruptcy was not so much caused by financial difficulties, but by a difference of opinion between him and his shareholder, Heerema, which lost confidence in Kuikman's decision to invest heavily in quality improvement. The only way open was a strategic bankruptcy. Not very elegant, agrees Kuikman, "but for me the only way out." With new shareholders and a bank loan LMW is now back on its feet. The company started 14 years ago making small wind generators from 15 W to 10 kW, mainly for sale in developing countries. An estimated 1000 LMW turbines have been erected worldwide, many of them constructed in Holland.
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