Nordex opening new rotor blade production in China

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Norderstedt (euro adhoc) - Hamburg / Dongying, January 24, 2007. After a record
construction period of only around six months, Nordex AG has today started up
its new rotor blade production facility in Dongying. On a floor area measuring
8,400 square meters, roughly 225 rotor blades for the NR 37 and NR 34 series are
to be produced in the first year of operation, sufficient to fit out 75 S77 and
S70 (1,500 kW) wind turbines. Following the completion of the ramp-up phase and
extensions to the production halls, output is to be increased to roughly 800
rotor blades (400 MW). The expected total capex budget stands at EUR 20 million.

Nordex will initially be using the rotor blades from Dongying for covering
demand in the Far East. As recently as in November 2006, the company opened a
production facility for its S70/S77 turbines in the Chinese province of Ningxia.
Looking ahead over the next few years, further production sites are to be
established in China to satisfy the strong local demand. "China will evolve into
one of the largest markets for wind turbines over the next few years. However,
as prices are below European levels, we must produce locally. This,
incidentally, is also a political requirement," explains Thomas Richterich, CEO
of Nordex AG. With major tenders, local manufacturing content of at least 70
percent is necessary.

Nordex has arranged intensive training for its staff to ensure production
quality. The first teams underwent instruction at the German production
facility, after which they returned to China with their trainers to pass on what
they had learned to their co-workers. Says Richterich: "We have been producing
in China since 1998 and are fully aware of what things need to be looked out for
in local production". By the end of 2007, Nordex plans to have roughly 350
employees in China, including some 200 in Dongying.

The city of Dongying (1.8 million inhabitants) is located on the Yellow River
delta. The decision in favor of this location was determined by the good import
and export infrastructure as well as the dense network of suppliers.

Further inquiry note:
Felix Losada
Tel.: +49 (0)40 50098 100
[email protected]

end of announcement euro adhoc 24.01.2007 11:15:58
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emitter: Nordex AG
Bornbarch 2
D-22848 Norderstedt
phone: +49 (0)40 50098 100
FAX: +49 (0)40 50098 101
mail: [email protected]
WWW: http://www.nordex-online.com
ISIN: DE000A0D6554, DE0000A0D66L2
indexes: CDAX, Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Frankfurter Wertpapierbörse,
free trade: Börse Berlin-Bremen, Baden-Württembergische
Wertpapierbörse, Börse Düsseldorf, Bayerische Börse
sector: Alternative energy
language: English

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