TPI and Nordex Extend and Expand Contract in Türkiye

December 19, 2023

https://www.globenewswire.com/news-release/2023/12/19/2798503/0/en/TPI-and-Nordex-Extend-and-Expand-Contract-in-T%C3%BCrkiye.html

SCOTTSDALE, Ariz., Dec. 19, 2023 (GLOBE NEWSWIRE) — TPI Composites, Inc., (TPI) (Nasdaq:TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it has extended and expanded its supply agreements with Nordex in Türkiye. Under the terms of the amended agreements, TPI will add two lines of manufacturing capacity bringing the total capacity under contract in Türkiye with Nordex to eight lines serving domestic and export market needs. Additionally, the term of the agreements has been extended for up to three years through 2026.

Read more at globenewswire.com

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