TPI Launches Second Mexico Wind Blade Plant and Expands its Agreement with Gamesa

SCOTTSDALE, Ariz., Feb. 23, 2016 /PRNewswire/ -- TPI Composites, Inc., a leading global wind blade manufacturer, announced today that it plans to open a second wind blade manufacturing facility in Juarez, Mexico in the second half of 2016, and that it has signed a long-term agreement with Gamesa to continue to supply wind blades from its existing Juarez, Mexico manufacturing facility and begin to supply wind blades from its second plant. TPI's manufacturing capacity in Juarez will be used to supply Gamesa projects in Latin America and the United States. "We greatly appreciate the trust and confidence that Gamesa has placed in TPI by choosing to expand its relationship with TPI," said Steve Lockard, TPI's President and CEO. TPI has been operating in Mexico since 2002 and has been building wind blades for Gamesa since 2014. TPI's new Juarez manufacturing facility will consist of a 360,000-square-foot building set on a 62 acre site, from which TPI may expand its production capacity to serve multiple customers in the future. About TPI Composites, Inc. TPI Composites, Inc. is the largest U.S.-based independent manufacturer of composite wind blades for the wind energy market. TPI also provides structural composite products to the transportation market. TPI delivers high-quality, cost effective composite solutions through long term relationships with leading wind turbine manufacturers. TPI operates factories throughout the U.S., Mexico, China and Turkey. For more information about TPI, go to www.tpicomposites.com.