Sif holding talks for future production in Japan

Sif's Maasvlakte 2 factory. Photo by: Sif Holding NV (www.sif-group.com).

September 27 (Renewables Now) - Dutch steel tubulars manufacturer Sif Holding NV (AMS:SIFG) said today that the company’s approach on the Japanese market remains unchanged and that it is holding talks with local partners for future production there.

The statement followed a report by Nikkei in which the publication cited chief executive Fred van Beers as saying that Sif planned to invest between EUR 200 million (USD 219m) and EUR 300 million in a Japanese factory in the next two to three years. Sif stressed that the CEO has been quoted wrongfully.

Sif manufactures large steel tubulars used as foundation components in offshore wind projects. Earlier this month, the company announced it had opened a sales office in Tokyo to prepare itself for upcoming developments in the offshore wind industry. The new site serves as the first point of contact for Japanese applications, it said at the time.

(EUR 1.0 = USD 1.094)

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