Hansen eyes China after Suzlon cuts stake
28 Dec 2009
Global wind turbine and industrial gearbox designer Hansen is looking to increase its stakes in China after Suzlon Energy cut its stake in the company. Suzlon Energy divested 35 per cent of its 61 per cent stake in Hansen to fund its other major acquisition REpower.
Hansen is planning a €200 million integrated wind turbine gearbox manufacturing plant in China, which is expected to be completed in April 2011. The plant, with an annual production capacity of up to 3,000MW, is expected to employ around 600 people.
The Belgium-based company has also commenced a €270 million project to build an integrated plant for the manufacture of wind turbine gearboxes at Coimbatore, which is expected to reach full capacity in April 2011.
Hansen supplies gearboxes to four large manufacturers of gear-driven wind turbines, Vestas, Gamesa, Siemens Wind, and its parent company Suzlon Energy.
