Corporate | 6 May 2011 09:08
Muehlhan AG / Key word(s): Contract/Alliance
06.05.2011 / 09:08
Muehlhan signs 5-year contract for wind turbine tower production in Canada
Hamburg, 6 May 2011 - Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7) has
entered into a 5-year cooperation agreement with the South Korean windmill
tower manufacturer CS Wind for surface protection services for wind turbine
towers at a production facility in Windsor, Ontario - Canada. The facility
is currently built by CS Wind and will go into operation on 1 August 2011.
Muehlhan will provide all necessary equipment including the recently
developed paint robot technology for a production capacity of several
hundred thousand square meters per year.
'This is a major global step forward for Muehlhan's wind energy related
work. We are proud to have established a strong partnership with CS Wind,
which is one of the world market leaders for tower manufacturing', says
Muehlhan's Chief Sales Officer Dr. Andreas C. Krüger.
After two difficult years the global wind energy industry slowly seems to
recover. Even though there still is some general reluctance to finance
multi-million Euro wind farms, the recent development is supposed to bring
growth back to the industry, especially in light of the Japanese nuclear
crisis.
Muehlhan is the leading supplier to the Danish windmill market for over a
decade now. What used to be the nucleus of a niche market, is now growing
into a highly competitive mass market. Due to its experience and technical
advantage Muehlhan sees itself to be well prepared for the challenges of
the changing market conditions.
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About Muehlhan:
The Muehlhan Group is a global specialist in high-quality surface
protection and industrial services. Our business divisions - Ship
Newbuilding, Ship Repair, Energy, Industry and Other Services - enable us
to provide a broad range of professional services to our maritime and
industrial markets. The excellent quality of our service, our high degree
of organization, our technical expertise and almost 130 years of experience
are what set us apart.
With our workforce of around 2,300 employees at more than 30 locations
worldwide, we generated sales revenues of EUR 165.0 million in 2010. In the
years to come, we will utilize our market position as a stable foundation
for further expanding our business.
Press contact: Ties Kaiser, Muehlhan AG; Tel: +49 40 75271 -156 10 640,
e-mail: kaiser@muehlhan.com
End of Corporate News
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Language: English
Company: Muehlhan AG
Schlinckstrasse 3
21107 Hamburg
Deutschland
Phone: +49 40 75271 0
Fax: +49 40 75271 130
E-mail: investorrelations@muehlhan.com
Internet: www.muehlhan.com
ISIN: DE000A0KD0F7
WKN: A0KD0F
Listed: Freiverkehr in Berlin, Hamburg, München, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
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