Spanish group Gamesa, one of the world's leading wind turbine manufacturers, said on Friday it was eying possibilities of increasing operations in China and India but would not seek to move in on the German market.Gamesa, which operates in 14 countries and last month announced a 10 million euro (12.5 million dollar) deal to sell 24 turbines to China's Ningxia Electric Power, added it was interested in setting up some production plants in the United States, director delegate Juan Ignacio Lopez announced at a shareholder meeting.
While seeing demand for adding to its existing commercial operations in the United States, Lopez said Gamesa was undertaking a feasibility study regarding the creation of future production in Asia.
"Markets such as India and China are significant," he told Friday's meeting.
"Both are huge countries and as such are certainly very important markets for the future," Lopez said.
But he said the company would wait to determine the state of the market and its existing commercial and service operations before taking a potential "risk" to set up production sites.
Lopez added that Gamesa wants to expand in the field of aeronautical production seeing "strong growth potential" in the sector, while remaining at the forefront of the development of renewable energy sources.
Gamesa hired 1,200 employees last year, taking its workforce to 6,100.
All rights reserved. Copyright 2003 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.
Quick Links
TerraDaily
Search TerraDaily
Subscribe To TerraDaily Express
