MFG Announces Opening of New Manufacturing Facility to Support GE Energy's Growing Wind Business

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http://www.tmcnet.com/usubmit/2007/11/19/3106070.htm

November 19, 2007

MFG Announces Opening of New Manufacturing Facility to Support GE Energy's Growing Wind Business

SCHENECTADY, N.Y. --(Business Wire)-- To help GE Energy meet the robust worldwide demand for wind turbines, Molded Fiber Glass Companies (MFG) held a groundbreaking ceremony today for a new wind turbine manufacturing plant in Aberdeen, South Dakota that will manufacture blades for GE's 1.5-megawatt machine, one of the most widely used wind turbines in the world.

The new facility will be owned by the Aberdeen Development Corporation (ADC), and leased and operated by Molded Fiber Glass Companies (MFG), representing a $40 million investment and the creation of up to 750 new jobs. The facility will also enable MFG to increase the volume of wind turbine blade sets being supplied to GE Energy, starting in 2008.

"GE currently has over 6,500 1.5-megawatt wind turbines in operation worldwide. By the end of 2008, we expect that number to exceed 10,000 units," said Victor Abate, Vice President-Renewables for GE Energy. "The new MFG facility in Aberdeen will significantly increase the manufacturing capacity of our supply chain, as we continue to face strong demand for wind turbines in the U.S. and worldwide."

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