Broadwind Energy welcomes the final ITC determin
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Broadwind Energy welcomes the final ITC determinations
CICERO, Ill., January 18, 2013 -Broadwind Energy, Inc. (NASDAQ: BWEN) made the following statement with respect to the U.S. International Trade Commission's (ITC) determinations regarding its final phase anti-dumping and countervailing duty investigations concerning utility scale wind towers from China and Vietnam.
Peter C. Duprey, president and CEO of Broadwind Energy, Inc., stated, "As one of the largest U.S. suppliers of wind towers, Broadwind is pleased with the ITC's finding that the U.S. wind industry has been materially impacted by Chinese and Vietnamese imports sold at less than fair value. With supply and demand for wind towers in the U.S. coming into better balance, the imposition of final anti-dumping and/or countervailing duty orders on these products will support fair competition and further development in wind, and the retention of jobs in the sector. Broadwind continues to be committed to the wind industry and to serving our customers' tower needs."
About Broadwind Energy
Broadwind Energy (NASDAQ: BWEN) applies decades of deep industrial expertise to innovate integrated solutions for customers in the energy and infrastructure markets. From gears and gearing systems for wind, oil and gas and mining applications to wind towers, to comprehensive remanufacturing of gearboxes and blades, to operations and maintenance services, and industrial weldments, we have solutions for the energy needs of the future. With facilities throughout the U.S., Broadwind Energy's talented team of 800 employees is committed to helping customers maximize performance of their investments-quicker, easier and smarter. Find out more at www.bwen.com.
CONTACT:
Broadwind Energy, Inc.
John Segvich, 708-780-4825, john.segvich@bwen.com
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