Nordex commencing work on extensions to facilities

New hall space of 52,500 m2 / budget of EUR 86 million

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capital investment

Norderstedt (euro adhoc) - A new era is dawning for Nordex. Work has
now commenced on extensions to its Rostock facilities in a project
worth EUR 86 million. Over the next two years, new production halls
with a total floor area of more than 52,500 square meters, roughly
equivalent to seven football fields, will be built at the cargo
center. In this way, the wind turbine producer will be increasing its
capacity for Europe threefold.

"This step was urgently required to continue covering our customers´
rising demand in the future as well. Although we increased our
production output at a high double-digit rate last year again, there
is now very little reserve capacity left in Rostock," explains Thomas
Richterich, CEO of Nordex AG. At the moment, the Company´s order
books are valued at almost EUR 3 billion, thus ensuring that the
growth forecasts can be achieved until the end of 2009. Looking ahead
over the next two years, Nordex wants to roughly double its sales.

In a first step, Nordex will be extending its annual rotor blade
production to around 1,000 megawatts. For this purpose, a new
finishing hall will be completed by the end of the year, accompanied
by extensions to the existing production facility to double the
existing floor area. This will ensure that in the future it will also
be possible for rotor blades with a length of over 50 meters to be
produced.

Nordex will then be commencing on the second phase of the project in
May entailing the construction of a new turbine assembly and control
cabinet plant with a floor area of around 25,600 square meters
together with a new administration and service building on the site.
Explains Richterich: "After the completion of the two-year
construction phase, we will have modern production facilities at one
united site in Rostock, allowing us to harness opportunities for
growth and operate more efficiently in the future."

Nordex will be creating at least 300 new jobs in connection with the
extensions to its facilities in Rostock. At the moment, it employs
around 700 people at the site. If demand in Europe continues to grow
as swiftly as it has been doing, a third construction phase is also
conceivable after the completion of the activities now commencing.
Preliminary plans provide for rotor blade production to be doubled
accompanied by a further extension to turbine as-sembly at the plant.

end of announcement euro adhoc
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ots Originaltext: Nordex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Nordex AG

Ralf Peters

Telephone: +49 40 / 50098 - 100, Telefax: - 333

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
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