Goldwind: Profitability increased

Beijing

Cost reduction and new markets Along with the Danish turbine manufacturer Vestas, Goldwind has introduced measures to counter slacking growth: Its cost reduction program successfully increased the gross margin to 19 percent from 13 percent in the previous year. As of June 30, 2013, the company had accumulated a total of 4,550 megawatts of outstanding orders. New markets comprised a bulk of the order volume, particularly in the US and Australia.

Government is biggest guarantor of success The company emphasised that

Source: IWR Online, 27 Aug 2013