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CAL APPARATBAU PRIVATISED
1 June 1995
CAL Apparatebau of Leipzig, manufacturer of steel towers for wind turbines, has been privatised. The company has been taken over from the state-owned HW Urban Management agency in Berlin (a successor to the former German privatisation agency Treuhand) by another German turbine tower maker, Pfleiderer Bau und Verkehrssysteme of Neumarkt. According to CAL, Pfleiderer is market leader in the construction of concrete towers for wind turbines. Pfleiderer has promised to retain 230 jobs at the east German CAL and also to invest DEM 17 million by 1997. CAL expects to make a profit on turnover of DEM 67 million in 1995 after making a loss on DEM 40 million in 1994. If it turns a profit in 1995 it will be for the first time since 1990, the year of German unification.
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