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Ukrainian firm to expand factory of wind towers in Gdansk


2011-03-17



Gdansk Shipyard Group Towers (GSGT), a unit of Gdansk Shipyard Group (GSG), the Ukrainian company that owns shipbuilder Stocznia Gdansk (SG), will erect a new factory of wind power towers at a 12 hectare site in the Gdansk harbour belonging to SG. The facility is scheduled to be completed by May 2012. It will have the capacity to produce 200 towers a year. GSGT is in the middle of obtaining building permits and selecting a contractor, which is to occur by 12 April.

The news comes four months after GSGT launched a smaller plant capable of making 100 towers per year. Both investments are part of a strategic reorientation by SG, which is diversifying away from a sole focus on shipbuilding towards a three-pillar business model encompassing the production of specialist vessels, wind towers and large steel structures (with a projected 40:30:30 revenue mix). GSGT has the ambition to create one of the leading factories of steel structures for the wind energy sector in Europe.

GSGT, GSG and SG are owned by three Ukrainian businessmen, founder-owners of the ISD industrial conglomerate.

See also the news item ‘Polish port facilities to attract minimally PLN 400m in FDI in coming years’.



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