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Wednesday's News - Geely, Vestas Wind Systems, Volkswagen
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Chinese Automaker Geely Announces Plans for Mexican Plant
Global Insight, August 27, 2008
Chinese automaker Geely has announced plans to build a $270US-million factory in the Mexican city of Leon, according to a report on InsideLine.com. An industrial park surrounding the factory is expected to bring an additional $230US million in investment to the site, which should create over 2,000 jobs and produce 300,000 cars annually when the project is at full tilt. The first stage will see Geely invest $130US million over three years and annual production of 50,000 units; the second stage will involve an investment of $140US million over two years, raising annual capacity to 120,000 units. After 2013, a third stage will take capacity to 300,000 units for an undisclosed sum. Geely reportedly will use the plant to enter the Mexican and South American markets, and possibly as a springboard for U.S. sales as well. No timeframe has been given as to when vehicles should begin rolling off the assembly lines, or indeed when construction will begin on thecomplex
Pueblo picked for wind turbine tower factory
Rocky Mountain News (Denver, CO), August 27, 2008 Wednesday
Wind-turbine maker Vestas Wind Systems has picked Pueblo as the site of a factory to build the towers that support its turbines. Vestas has said it will be the biggest turbine tower factory in the world. Gov. Bill Ritter is expected to attend the formal announcement about the factory Friday in Pueblo. Last week, the Danish company announced it will build two plants in Brighton, northeast of Denver, to make turbine blades and nacelles - the turbine housings that include the generator, transformer and gearbox. Vestas already has a blade- making plant in Windsor, 50 miles north of Denver, which has 200 workers and is expected to have 650 at full employment. Vestas is expected to eventually employ 2,450 people in Colorado.
VW Considering Capacity Expansion at Russian Production Facility
Global Insight, August 27, 2008
Volkswagen (VW) is currently considering expanding its production at its recently opened Russian production facility in Kaluga in order to keep pace with rising demand in the domestic Russian marketplace. Speaking on the eve of the Moscow Motor Show, VW board member Detlef Wittig said, "We have to consider expanding our production site in Kaluga." The company is looking for a large increase in its sales in the Russian market to 145,000 units in 2008, in comparison to the 81,000 units that the company sold in 2007. The Kaluga plant, which is still partially under construction, will supply around 66,000 units of this sales total with the rest of the vehicles being imported from Germany and other production locations. However, with VW sales reaching potentially 200,000 units per annum (upa) in Russia by 2009 or 2010 according to Wittig, the company is examining the possibility of raising the capacity of the Kaluga plant from the current figure of 150,000 units
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