Moventas invests € 17 million in Finnish plant

Moventas is expanding its plant in Jyväskylä, Finland, to provide more production capacities and opportunities to test its gearboxes. The € 17 million investment includes the expansion of component manufacturing, serial production and new 6MW testing facilities. The investment extends the existing gearbox manufacturing capacity to over 5 GW, with the possibility for future expansions. The construction works are to be completed by the end of 2017 so that the additional capacities are ready for operation from the first quarter of 2018 onwards.

Moventas's CEO, Arto Lahtela, explains the reasons: “We designed Exceed to fulfill the market need for bigger gearboxes that could improve the life cycle cost of wind power. This significant new investment in capacity will enable us to meet the growing demand from our customers for Exceed gears. By investing further in Finland alongside our other manufacturing facilities, we can shorten our production lead-times, improve our efficiency and ensure continued high quality standards”.