United Kingdom

United Kingdom

LM reports production capacity increases

LM Glasfiber, the wind industry's dominant supplier of rotor blades, moved a step closer to a stock exchange listing -- still the long term goal of owner Doughty Hanson, a British fund manager -- with a positive annual report for 2006. Revenues were up by 43% to EUR 475 million and earnings before interest and tax leapt 250% to EUR 53 million, 11% of turnover. The company had forecast a 10% margin. Long term framework orders and an increase in production capacity at LM factories in China, India and Spain are expected to secure a further 25% rise in revenues. LM again forecasts a profit margin of 10%. The increases in production capacity will allow LM to produce blades for a further 1000 MW and increase its workforce by 1000 staff.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Windpower Monthly Events


Latest Jobs