Nordex Group to restart production in its manufacturing facility in Iowa, US

EQS-News: Nordex SE / Key word(s): Miscellaneous
Nordex Group to restart production in its manufacturing facility in Iowa, US

27.06.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Nordex Group to restart production in its manufacturing facility in Iowa, US

Hamburg, 27 June 2024. As part of its growth strategy in North America, the
Nordex Group is expanding its local production footprint. The company will
manufacture nacelles for both the current N163 turbine variant, and a
product specifically tailored to the US market, at its production facility
in West Branch, Iowa. Here, the Group, which has been active in the USA
since 2000, already has offices and a training academy in addition to its
headquarters in Chicago, Illinois, as well as several service points
throughout the region.

"Following the suspension of nacelle production, we kept the Iowa
manufacturing facility ready to resume operations. It will primarily produce
components for projects in the US and Canada," says Alberto Fernandez, Chief
Operations Officer of the Nordex Group. "Recruitment and training processes
are scheduled to commence in the second half of 2024."

"Manufacturing nacelles in the US represents a significant next step in
expanding local procurement, and our manufacturing presence in North
America, which is a key element of the company's growth strategy for the
region," explains José Luis Blanco, CEO of the Nordex Group. Earlier this
year, the company already announced its intention to focus increasingly on
North America in order to benefit from expected growth in the US and
Canadian market.

Manav Sharma, CEO of Division North America, adds: "With the support of the
experienced Global Nacelle team, the US team will build on the local supply
chain already in place to meet domestic content requirements. Starting in
the first half of 2025, production capacities will be ramped-up in line with
order volume development. The production capacity is planned to exceed 2.5
GW annually, creating further new jobs here in the US."

Prior to his appointment as Divisional CEO, Sharma served as Chief
Operations Officer and Chief Strategy Officer of the Nordex Group, driving
the expansion of the company's global manufacturing network and the
successful ramp-up of production facilities in India, Brazil, and China.

About the Nordex Group

The Group has installed around 51 GW of wind power capacity in over 40
markets in its corporate history and generated consolidated sales of around
EUR 6.5 billion in 2023. The Company currently has more than 10,000
employees. The Group's manufacturing network includes factories in Germany,
Spain, Brazil, India, USA, and Mexico. Its product portfolio is focused on
onshore turbines in the 4 to 6 MW+ classes which are designed to meet the
market requirements of countries with limited available space and regions
with limited grid capacity.

Contact person for press:
Nordex SE
Antje Eckert
Telephone: +49 (0) 174 6833920 4
aeckert@nordex-online.com

Contact for investors:
Nordex SE
Anja Siehler
Telephone: +49 162 3515 334
asiehler@nordex-online.com


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27.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Nordex SE
                   Erich-Schlesinger-Straße 50
                   18059 Rostock
                   Germany
   Phone:          +49 381 6663 3300
   Fax:            +49 381 6663 3339
   E-mail:         investor-relations@nordex-online.com
   Internet:       www.nordex-online.com
   ISIN:           DE000A0D6554
   WKN:            A0D655
   Indices:        MDAX, TecDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1934047

End of News EQS News Service
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1934047 27.06.2024 CET/CEST