Vestas Says U.S. Expansion on Course as Turbine Market Shrinks
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Vestas Wind Systems A/S, the world’s largest wind turbine maker, will increase production in the U.S. even after analysts including HSBC Holdings Plc cut forecasts for installations in the region.
The Randers, Denmark-based company will expand its U.S. head count to 4,000 “in the coming months,” from 2,300 now, Chief Executive Officer Ditlev Engel said by phone from Seoul. Last month it said it will eliminate 3,000 jobs in Europe.