Local News

Vestas plans to sell some factories

Vestas plans to sell some factories

PUEBLO, Colo. - Vestas Wind Systems said on Tuesday it planned to sell some factories but it would not specify how many factories or which ones would be affected.

The Danish wind turbine maker has four factories in Colorado - two in Brighton, one in Windsor and one in Pueblo.  It also has 21 factories globally.

"Vestas is not disclosing which or how many factories are currently up for sale," said Vestas spokesperson Susan Innis.

The Chief Operating Officer Jean-Marc Lechene was quoted in a Dow Jones News Service article saying, "the company would like to outsource the manufacturing of less-advanced components, such as wind towers."

Vestas' Pueblo factory manufacturers wind towers.

The company expected "low activity" in 2013 and needed to make adjustments. Innis explained the purpose of the move.

"Vestas is part way through a two year turnaround to return to profitability and part of that involves increasing our flexibility in manufacturing and utilizing outsourcing to a higher degree and that will help us create a more leaner and asset-light organization," said Innis.

The move follows on the heels of a decision for the Pueblo plant to manufacture wind towers for a third party in January.

It's staying tight-lipped about details of interested third parties. It would not say if its in discussions with U.S.-based or International companies.

"We aren't disclosing details until the necessary agreements are in place," said Innis.

Innis said the company is not in a rush to sell off the factories and is taking its time to find the right partner.

"It's really important for us to find the right partner who would continue producing the same high-quality standards and reliability and safety that we currently have," said Innis.

The company plans to become a customer of the purchased factories and continue buying products.  It also said its employees are part of the equation.

"We have invested heavily in training our staff so we expect any companies would have that same commitment to quality, reliability and safety," said Innis.

It would not say when it expects to solidify the deals.

comments powered by Disqus

Must See Videos

  • Marty's Saturday Morning Forecast - 5/27/17
  • Matt's Friday Evening Forecast 5/26/17
  • Pueblo houses one of the largest public archives in U.S.
  • Air Academy vs. Valor Christian