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Nordex Group Reports New Strategic Collaboration with TPI Composites in Mexico August 02 (2021

(2021 Composites Market Update 31

Against the backdrop of a continuing market momentum and a strong order intake, the Nordex Group and the American rotor blade manufacturer TPI Composites have agreed on a unique strategic partnership in addition to collaborating in Turkey and India. As part of this innovative collaboration model, the Nordex Group will transfer the operation of its Mexican rotor blade production in Matamoros to TPI for a period of three years. Starting July 2021, during this period, both partners will further increase the efficiency and output of the rotor blade production, which mainly serves the American markets, by leveraging the unique expertise of TPI as a leading expert in rotor blade process technology.

The Nordex facility currently produces two different rotor blade types. TPI will take over the facility and start blade production exclusively for the Nordex Group. The agreement also includes the details of the return of the fully operational facility to the Nordex Group in 2024. The agreement also has an extension option upon mutual agreement. In order to ensure production continuity, TPI will take over approximately 1,500 employees of the Nordex rotor blade production facility in Matamoros.

The transaction marks another milestone of the Nordex Group’s growth path by further strengthening its global production footprint and increasing the flexibility of its key component supply chain.

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