LM Group Holding A/S - LM Wind Power continues global expansion with announcement of fourth Chinese factory in Baodi

Press release 5/2017

LM Wind Power, a world leading designer and manufacturer of blades for wind turbines, today announced the addition of yet another blade factory to its global manufacturing set up. The new facility will be located in the Baodi district in the north eastern part of China, 40 km from LM Wind Power's existing plant in Tianjin that was established in 2001 as the first foreign wind industry company in the area.

The Baodi facility will be LM Wind Power's fourth Chinese blade plant and the company's 15th worldwide. LM Wind Power expects to create 500 jobs and start production in July 2017.

LM Wind Power CEO, Marc de Jong, said: "It is a great pleasure to announce this new blade plant in China as another example of the strong demand for LM Wind Power products and the rapid growth of the company right now. We would like to thank our local partners, represented by the Jiu Yuan Industrial Park in Baodi and our launch customer, GE Renewable Energy, for helping us realize this exciting new project. The Baodi site is a great location for serving our local and global customers in China, with close proximity to the highway and only 50 km to the Tianjin Port."

The recruitment for the Baodi operations has commenced and the company is investing significantly in training for the new colleagues over the coming months. LM Wind Power currently employs 2,300 people in China distributed across three blade manufacturing plants in Tianjin, Qin Huang Dao and Jiangyin and offices in Beijing and Shanghai.

For more information, please contact:

Lene Mi Ran Kristiansen, Senior Manager, Communications & Sustainability +45 51388236

Christopher Springham, VP Global Communications & Sustainability

+31 6 14814919

About LM Wind Power

LM Wind Power is a world leading designer and manufacturer of rotor blades for wind turbines, with a global manufacturing footprint that includes blade factories in Brazil, Canada, China, Denmark, India, Poland, Spain and the United States. The company has produced more than 195,000 blades since 1978, corresponding to more than 84 GW installed capacity and global savings of more than 166 million tons of CO2 annually. LM Wind Power is a GE Renewable Energy Business.

About GE Renewable Energy

GE Renewable Energy is a $10 billion start-up that brings together one of the broadest product and service portfolios of the renewable energy industry. Combining onshore and offshore wind, hydro and innovative technologies such as concentrated solar power and more recently turbine blades, GE Renewable Energy has installed more than 400+ gigawatts capacity globally to make the world work better and cleaner. With more than 22,000 employees present in more than 55 countries, GE Renewable Energy is backed by the resources of the world's first digital industrial company. Our goal is to demonstrate to the rest of the world that nobody should ever have to choose between affordable, reliable, and sustainable energy.