Home Must Reads Vestas loses global market share lead

Vestas loses global market share lead

| Print |  Email
Must Reads
Tuesday, February 12, 2013

For the first time in 12 years, Vestas Wind Systems lost its lead in global wind turbine market share to General Electric.

The ranking is a blow to Aarhus, Denmark-based Vestas, which first took the top spot in 2000, when it supplanted NEG Micon A/S, a Danish rival that it later bought. Vestas last week posted its second consecutive annual net loss and said it’s in the middle of two “extremely difficult years,” during which it’s cutting about 30 percent of its workforce.

“It’s been part of their identity at Vestas that they’re the biggest in the world,” said Jacob Pedersen, an analyst at Sydbank A/S in Aabenraa, Denmark. “From a Vestas point of view I would fear Siemens a lot more than GE. Siemens is more global in their reach. GE is extremely dependent on the U.S. market.”

Read more at Bloomberg.

{biztweet}vestas{/biztweet}

 

More Articles

OB Poll: Wineries and groceries

News
Friday, October 24, 2014

24-winethumbA majority of respondents agreed: Local vineyards should remain Oregon-owned and quality is the most important factor when determining where to eat or buy groceries.


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Reimagining education to solve Oregon's student debt and underemployment problems

News
Thursday, November 13, 2014
carsonstudentdept-thumbBY RYAN CARSON | OP-ED CONTRIBUTOR

How do we skill up our future technology workforce in a smart way to take advantage of these high-paying jobs? The answer shouldn’t focus only on helping people get a bachelor’s degree.


Read more...

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS