Vestas divests towers factory to Titan Wind Energy

Aarhus, Denmark - In January 2012 Vestas decided to close its tower factory in Varde, Denmark.

Vestas has now entered an agreement with Chinese Titan Wind Energy (Suzhou) Co., Ltd., a long term partner and supplier to Vestas, to sell off the Danish facility and thereby maintain most of the jobs for about 120 employees. Titan Wind Energy (Suzhou) Co., Ltd. is China

Source: IWR Online, 13 Jun 2012