GRI Renewable Industries To Open Tower Plant In Texas

Factory expected to supply 400 towers to U.S. wind market annually

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GRI Renewable Industries, the industrial wind division of Gonvarri Steel Industries, is in active negotiations with the Economic Development Corporation of Amarillo (AEDC) Texas regarding its proposed construction of a facility to manufacture wind towers in the U.S.

On June 16th, the AEDC board of directors approved a formal agreement submitted by GRI, that outlined the parameters and scope of the project Clearance from local taxing authorities is expected by the middle of this month.

The proposed project is expected to employ, approximately 300 people over time and will be sufficient in capacity to supply the U.S. market with approximately 400 wind towers per year.

The facility is expected to be fully operational in late 2016 with the aim of providing wind towers to the U.S. market, thereby contributing to the robust development of renewable energy in the country.

“With this new factory in the U.S. market, GRI will utilize its experience and know-how as a leading global supplier of wind towers,” said Javier Imaz, CEO of GRI. “We initially considered locations in several states as a part of our business strategy to serve the U.S. wind industry. Our decision to select Amarillo included key factors such as the pro- business environment in the state of Texas, Amarillo’s favorable geographical location, and good workforce as well as a package of state and local incentives.”

 — Source: GRI Renewable Industries