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Tpi chinese plant to supply wind blades to acciona

Tpi chinese plant to supply wind blades to acciona Source: www.chinatexnet.com
Date: 08-01-2014
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Cotton plantings for 2014/15 will start in a few months in the northern hemisphere, which accounts for about 90% of world production. World area is expected to decline due mostly to the expected decline in China. In 2013/14, the Secretariat estimates that China’s cotton area is 4.6 million hectares, a decrease of 8% from 2012/13 and a further decline to 3.9 million hectares is expected for 2014/15. However, this may change as planting does not start until March, and on December 26, Xinhua News reporting on a rural work conference indicated that trial subsidies for cotton and soybeans may be part of China’s reforms for agriculture to be implemented next year.
 
Global cotton mill use is expected to continue growing in 2014/15, on the basis of continued recovery in global economic growth. However, a small gain in cotton prices could constrain the increase in demand for cotton, particularly if the price of polyester remains low.
 
While the divergence between cotton production and consumption is expected to narrow in 2014/15, there is still a significant global supply of cotton and stocks are growing. World stocks at the end of the current season are forecast to be 20 million tons, 56% of which will be in China. As of December 27,
China’s reserve holds 11.8 million tons of cotton.
 
World trade is expected to decline in 2014/15 by 9% to 7.7 million tons, due in large part to the continuing decline of China’s imports. Although China’s production is expected to be lower in 2014/15, its consumption is also declining and its government currently holds enough stock for one-and-a-half years
without any further imports or production.
 
The ICAC Secretariat sends their best wishes to all in the cotton and other natural fiber industries for the New Year.
 
* The price projection for 2013/14 is based on the ratio of ending stocks to mill use in the world-less-China in 2011/12 (estimate), 2012/13 (estimate) and 2013/14 (projection), and on the ratio of Chinese net imports to world imports in 2012/13 (estimate) and 2013/14 (projection). The price projection is the mid-point of the 95% confidence interval: 81 cts/lb to 103 cts/lb.
TPI Chinese plant to supply wind blades to Acciona
2014-01-07 09:17:09 TPI
TPI Composites, a leading global wind blade manufacturer, announced that it has signed a multiyear supply agreement with Acciona Windpower SA to provide wind blades from TPI’s new factory in Dafeng, China.
 
Acciona intends to export these blades for projects around the world including North America. TPI will also manufacture high-precision molds and assembly systems to produce Acciona’s blades at TPI’s recently announced advanced composite tooling facility in Taicang.
 
“TPI is excited to continue to support new customers on a global basis, and this agreement with Acciona validates the strength and value of TPI’s dedicated supplier model,” said Steve Lockard, President & CEO of TPI Composites.
 
“The Acciona Group is one of the largest developers and owners of wind power projects in the world, and we are looking forward to supporting its expanding wind turbine business globally.  Acciona’s strength and success is demonstrated in its recent 300MW order in the US.”
 
Jose Luis Blanco, CEO of Acciona Windpower SA added, “We are very pleased to be partnering with TPI for the supply of AW116/125 wind blades for worldwide use.  Acciona’s track record of reliability and TPI’s experience as an independent wind blade manufacturing partner will serve our needs well for years to come.”
 
TPI has been operating in China (Taicang, Jiangsu) since 2008 and is expanding its facilities with the addition of its Dafeng, Jiangsu facility. The location allows TPI to serve multiple customers and cost-effectively deliver products to the Chinese and export markets.  TPI has manufactured tens of thousands of high-quality wind blades over a decade in Asia, Europe, and North America.
 
About TPI Composites, Inc.
 
TPI Composites is a U.S.-based leading global supplier of structural composite products to the wind energy, military, and transportation markets. TPI delivers high-quality, cost effective composite solutions through long term partnerships with leading manufacturers.  TPI operates factories throughout the U.S., Mexico, China and Turkey.
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