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LM Glasfiber in Madras, India
1 February 1994
LM Glasfiber, the wind industry's largest supplier of rotor blades, is building a production plant on the outskirts of Madras in India. The company's Flemming Skouboe has his sights set on LM becoming the major blade supplier to the 1500-2000 wind turbines which the Indian government has said will be erected over the next two to three years. Shares in LM Glasfibre India Ltd will be floated on the Indian stock exchange and in this way the company will secure the local partners which all foreign companies in India are required to obtain. The factory will be as modern as that in Denmark and production will be to ISO-standards. India is currently LM's largest single export market and the new factory will reduce LM's shipping costs. There are no plans to reduce manufacturing volume at the Danish factory where 275 are employed. LM is also considering setting up production in Egypt and Spain.
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