Vestas R&D Not Affected by Losses

Although blade manufacturers, Vestas, last week reported consecutive second quarter losses, the future is still bright for those working at the Isle of Wight R&D Centre.

Vestas R&D Not Affected by LossesVestas told the Financial Times last week that the market was rebounding, with more orders received during the second quarter than for the whole of 2009.

Following news that the Vestas stock had dropped by 23%, Rob Sauven from Vestas R&D Centre in Stag Lane was able to allay any fears of a knock on-effect on the Island.

Rob told VB, “In the latest Vestas Q2 report Ditlev Engel specifically emphasised that the technology growth globally remains on track. Being in London he used the new Isle of Wight facility as an example of the investments we are making.

“He also had to report some job losses in Denmark due to a slower first half, but this has no effect on the Technology business. I am also excited to say that our new facility is on schedule and it is now only six weeks away from completing the outer shell, and so we have our opening ceremony in October.”

Image: PSD under CC BY 2.0