Nordex SE

EANS-News: Nordex adjusts production capacity in China

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Subtitle: Work force will be reduced by 130 positions to at the “Dongying” rotor
blade production facility 

Layoffs & Downsizing

Hamburg (euro adhoc) - Effective as of the end of 2012, the Nordex Group will
reduce the work force by around 130 positions at its rotor blade production
facility in Dongying. In doing so, it is responding to the declining capacity
utilisation at its Chinese rotor blade production facility and the losses
sustained in China. "By reducing structural costs, we want to take steps to
ensure sustainable profitability in our Chinese activities by the end this
year," explains Jürgen Zeschky, Nordex's CEO.

Until demand in China recovers Nordex will use external suppliers, who have
previously worked for the company, to cover all of its rotor blade requirements
for current and future contracts.

Further inquiry note:
Ralf Peters
Head of Corporate Communication
Tel.: +49 (0)40 300 30 15 22

end of announcement                               euro adhoc 

company:     Nordex SE
             Langenhorner Chaussee 600
             D-22419 Hamburg
phone:       +49 (0)40 30030-1000
FAX:         +49 (0)40 30030-1101
sector:      Alternative energy
ISIN:        DE000A0D6554, DE0000A0D66L2
indexes:     TecDAX, CDAX, HDAX, Prime All Share, Technology All Share, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: Nordex SE

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