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TPI and ENERCON Extend Contract in Türkiye

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TPI Composites (TPIC) has extended its supply agreement with ENERCON in Türkiye through 2025. This partnership supports ENERCON’s domestic and export projects, highlighting TPI's commitment to innovative and sustainable solutions. TPI has been manufacturing wind blades for ENERCON since 2018, demonstrating a proven collaboration focused on competitiveness and robust supply for ENERCON's initiatives in Türkiye and Europe. TPI operates globally across multiple locations, emphasizing strong relationships with leading OEMs in the wind and transportation sectors.

Positive
  • Supply agreement extended with ENERCON through 2025.
  • Strengthened partnership supports domestic and export projects.
  • TPI's manufacturing of wind blades for ENERCON since 2018 indicates a proven collaboration.
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SCOTTSDALE, Ariz., Nov. 03, 2022 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it has extended its supply agreement with ENERCON in Türkiye through 2025 in support of ENERCON’s domestic projects in Türkiye and export projects.

“We are pleased to announce this extension of our contract in our Izmir, Türkiye facility and continuation of our strong partnership with ENERCON,” said Bill Siwek, President and CEO of TPI.

“It is of great pleasure to reaffirm our strong business partnership with TPI and look forward to continuing our collaboration to support ENERCON’s ambitions for local projects in Türkiye, as well as projects within Europe. The last years of cooperation have a proven track record of outstanding teamwork and will safeguard ENERCON in having competitive and robust supply for our projects,” said Heiko Juritz, CPO of ENERCON.

TPI has manufactured wind blades for ENERCON in Türkiye since 2018.

About TPI Composites, Inc.

TPI Composites, Inc. is a global company focused on innovative and sustainable solutions to decarbonize and electrify the world. TPI delivers high-quality, cost-effective composite solutions through long-term relationships with leading OEMs in the wind and transportation markets. TPI is headquartered in Scottsdale, Arizona and operates factories in the U.S., China, Mexico, Türkiye and India. TPI operates additional engineering development centers in Denmark and Germany and global service training centers in the U.S. and Spain.

Investor Relations
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investors@tpicomposites.com


FAQ

What is the significance of TPI Composites' extended agreement with ENERCON?

The extension of the supply agreement until 2025 strengthens TPI's position in the market and supports ENERCON's projects in Türkiye and Europe.

How long has TPI been manufacturing wind blades for ENERCON?

TPI has been manufacturing wind blades for ENERCON since 2018.

What markets does TPI Composites operate in?

TPI operates in the wind and transportation markets, focusing on innovative and sustainable solutions.

What is the main focus of TPI Composites?

TPI Composites focuses on delivering high-quality, cost-effective composite solutions to decarbonize and electrify the world.

TPI Composites, Inc.

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Specialty Industrial Machinery
Engines & Turbines
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United States of America
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