The co-owner of Nordex, Jens Pedersen, left his post as director of the company's Scandinavian operations on January 1. At the same time Nordex moved its Danish administration from the small town of Give to Kolding, in southern Jutland. Pedersen is to become full time director of Welcon A/S, which makes towers and welded components for the turbine industry from a facility at Brande at one time used by Nordex. Welcon has a further 23,000 square metres of production area at its disposal at Nordex's old address in Give. The company is jointly owned by brothers Jens and Carsten Pedersen, the original owners of Nordex before they sold a majority stake in the company to Germany in 1996. Welcon has been self financing since then, and from 2000 to 2002 increased turnover from DKK 129 million to DKK 293 million (EUR 39.35 million).