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City of Little Rock Public Relations
Office (501) 371-4421
Arkansas Economic Development Commission
(501) 682-5254 or (501) 944-2874
FOR IMMEDIATE RELEASE :
Wednesday, July 18, 2007
LM Glasfiber Announces New Blade Plant in Little Rock
LITTLE ROCK, Ark. (July 18, 2007) -- LM Glasfiber today announced plans to open a new facility in Little Rock, Arkansas. The site will feature a blade manufacturing plant and a dedicated training facility. The plant is scheduled to begin operations in first quarter 2008 and will employ over 1,100 people within five years.
“We are very pleased to announce our new facility in Little Rock, which will become our largest facility world wide. The Little Rock plant is key to enabling us to serve our growing portfolio of customers in North America”, said LM Glasfiber CEO Roland M. Sundén. “The facility will help secure our customers’ long term blade supply thereby enabling their ambitious growth strategies while also increasing the robustness and visibility of LM Glasfiber’s North American sales.”
LM Glasfiber will invest $150 million in the facility which will be located on a 135 acre site in the Little Rock Port.
“We couldn’t be happier with the location” said Sundén. “Not only is the site ideally located to serve some of the central US demand for wind development, but Arkansas was able to accommodate our aggressive ramp up schedule and we have every confidence they will exceed our stated goals. The site itself offers excellent logistical options, whether by road, rail, air or marine. And when we considered the kind of amenities that are conducive for LM Glasfiber to attract and retain the people and talent we need, Little Rock was the natural choice for us.”
“Renewable energy is a vital resource for the future of Arkansas and the United States,” said Arkansas Governor Mike Beebe. “Locating LM Glassfiber’s North American headquarters in Little Rock not only creates another flagship company with top-quality jobs for Arkansans, it also puts us on the global map as part of the effort to expand renewable-energy industries.”
The Little Rock plant will be LM Glasfiber’s third North American production facility; effectively doubling the capacity of the existing factories in Grand Forks, North Dakota and Gaspé, Quebec. This latest capacity expansion reflects an overall strong market demand coupled with optimism for continued stability in the U.S. market. The U.S. is currently the highest growth market for new wind projects and the second globally in existing wind project installations.
“We welcome LM Glasfiber and are confident they will find a dedicated and talented workforce here that is eager to get started,” said Little Rock Mayor Mark Stodola, adding that bringing the company to Arkansas was a cooperative effort among City of Little Rock and Port Authority, Little Rock Regional Chamber of Commerce, Metro Little Rock Alliance and Arkansas Economic Development Commission.
LM Glasfiber is the world’s leading manufacturer of blades for wind turbines. The Group has approximately 4,200 employees in eight countries. LM Glasfiber is located in or close to the key geographic markets for wind energy and our highly specialised R&D organisation provides us with the most comprehensive industry know-how on the development and production of rotor blades. Manufacturing facilities are located in Denmark, Spain, the USA, Canada, India and China. For additional information, see the company’s website: www.lmglasfiber.com.