Nordex opening new rotor blade production in China

EUR 20 million investment / planned annual output of 400 MW

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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.

end of announcement euro adhoc 24.01.2007 11:15:58
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ots Originaltext: Nordex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Felix Losada
Tel.: +49 (0)40 50098 100
flosada@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
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