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German Nordex to cease US nacelle production

(SeeNews) - Jun 28, 2013 - German wind turbine maker Nordex SE (ETR:NDX1) said today it will discontinue nacelle production in Jonesboro, Arkansas, in reaction to global overcapacity as well as instability on the US market.

Nordex will supply in future nacelles to North and Latin America from its plant in Rostock, Germany. The wind farm service activities in Jonesboro will be kept.

The restructuring will affect about 40 employees with layoffs starting in the autumn of 2013. Yet, the measure will not impact Nordex's financial figures for 2013 as the related one-off costs were already booked for 2012, it noted.

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