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Vestas Wind Systems A/S is a Danish manufacturer,
seller, installer, and servicer of wind turbines. It is the largest in the
world, but due to very rapid growth of its competitors its market share
decreased from 28% in 2007 to 12.5% in 2009. The company operates manufacturing
plants in Denmark, Germany, India, Italy, Romania, Britain, Spain, Sweden,
Norway, Australia, China, and the United States, and employs more than 20,000
people globally.
After a sales slump in 2005, Vestas recovered and
was voted Top Green Company of 2006. In late 2008 the company announced a
manufacturing expansion in Colorado.In August 2010, Vestas also announced a
significant expansion of its North American headquarters in Portland, Oregon.
In October 2010, the company announced it was closing some of its factories in
Scandinavia, with the loss of 3000 jobs.
As of 2011, Vestas wind turbines generate enough
electricity to provide for 21 million people. In January 2011, Vestas won the
$1.5m (£940,000) Zayed Future Energy Prize in Abu Dhabi.
Type Publicly
traded Aktieselskab
Traded as
OMX: VWS
Industry Electrical equipment
Founded
1945
Founder(s) Peder Hansen
Key people
Ditlev Engel (President and CEO), Bent Erik Carlsen (Chairman)
Products
Wind turbines
Revenue
€6.920 billion (2010)
Operating income
€310 million (2010)
Profit
€156 million (2010)
Total assets
€7.066 billion (end 2010)
Total equity
€2.754 billion (end 2010)
Employees
20,400 (January 2012)
Website
www.vestas.com
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