Windflow Technology on Rapid Growth Path

Windflow Technology on Rapid Growth Path

Windflow Technology's turbine production is forecast to quadruple over the next five years once orders for the Windflow 500 are confirmed. This anticipated growth has led Windflow Technology to move its head office into larger premises in Riccarton, Christchurch that combine office and factory space. The move will take place this weekend 23/23 September.

"This marks a turning point in the company's history as we make a successful transition from a small start-up company to a dynamic manufacturing business with excellent prospects", said CEO/Director Geoff Henderson.

Existing sales of the successful Windflow 500 turbine will increase revenue for Windflow Technology by over $20 million over the next year with a forecast of an additional $40 million in revenue contingent on expected orders from the Te Rere Hau joint venture.

The new premises will enable the Windflow 500 nacelle assembly line and engineering and management team offices to be housed under one roof.

Windflow Technology employs 24 permanent staff and intends to increase staff numbers to up to 40 to meet the growth plan. Around 30 people are employed at companies contracted by Windflow Technology for the manufacture of component parts for the Windflow 500.

ENDS

© Scoop Media