Zoltek Companies Inc. (Nasdaq: ZOLT) has signed an expanded long-term supply agreement with Vestas Wind Systems AS, of Denmark, the world’s largest producer of wind turbine generators.
Under the agreement, Zoltek remains the Preferred Supplier of carbon fibers to Vestas. Based on current commitments and pricing, Zoltek expects to provide Vestas with over $300 million of carbon fiber and carbon fiber materials over the first five years of the agreement, for the manufacture of rotor blades for wind turbine generators. Zoltek will supply Vestas factories around the world – Europe, U.S., Spain and China.
Zoltek anticipates expanding nameplate carbon fiber capacity from 2,800 metric tons in 2005 to 10,800 metric tons by early 2008.
“This new agreement reflects continued confidence in the expanded use of carbon — both in terms of performance benefits and supply availability,” noted Tim McCarthy, Vice President Sales and Marketing, Zoltec. “Larger, lighter and stiffer rotor blades produced from carbon fiber are the key enabling factor in allowing other turbine components and structures to be lightened and designed more optimally in an integrated fashion.”
Loading...