In 2009, LM Wind Power’s continued efforts to increase operational efficiency and improve organisational agility contributed to its positive development in EBITDA margin and laid the groundwork for future growth.
Results include a 35% improvement of blade production cycle time and decreased lead times for key components within our brakes business in China.
LM Wind Power’s R&D initiatives in 2009 focused both on incremental improvements to existing product concepts and on long-term research into completely new solutions.
Furthermore, we expanded our R&D organisation in order to support a gradual move towards a more holistic approach to innovation that integrates knowledge about the total wind turbine system.
Serving our customers
Our customer base is gradually becoming more diversified. In 2009, we supplied braking solutions to 44 wind turbine manufacturers, and blades to 28 customers. The wind power market is becoming increasingly fragmented and adaptability is key.
Evidence of our customer facing strategy is GloBlade®, a new blade concept designed to fit a broad range of wind turbines and offer an additional 5% power.
Preparing for Growth
The modular factory concept and LEAN production system enables us to scale our business and replicate our success wherever our customers need us. In 2009, we started the implementation of a focused capacity expansion programme where we will nearly triple capacity in China from November 2009 to December 2010.
Furthermore, the acquisition of Svendborg Brakes introduces additional economies of scale.
We focus on profitable growth, integrity, and caring for people as well as for the environment.
Corporate Social Responsibility (CSR) is not new to LM Wind Power. We are in the sustainable energy business which means that we are privileged to contribute to solving some of the world’s most pressing challenges right now – increasing energy needs and climate change. We focus on health, safety and environment in our factories as well as the communities in which we operate.