Broadwind Energy, Inc. provides products and services to energy, mining, and infrastructure sector customers, primarily in the United States. Segments The company operates in the following segments: Towers and Weldments, Gearing, and Services. Towers and Weldments segment The Towers and Weldments segment specializes in the production of towers to support wind turbines, and the fabrication of large industrial weldments for oil and gas, mining and other industrial customers. The company’s towers are sold to wind turbine original equipment manufacturers (OEMs) who utilize its products in the installation of wind turbines. It specializes in heavier ‘next generation’ wind towers that are larger, more technically advanced towers, designed for 2 megawatt (MW) and larger wind turbines. The company’s 2 manufacturing facilities have a combined annual tower production capacity of approximately 500 towers, sufficient to support turbines generating approximately 1,200 MW of power. The company’s industrial weldments product line applies its core competency in welding large structures to other industries, including the oil and gas, mining and heavy equipment industries. Gearing segment The Gearing segment engineers, builds and remanufactures precision gears and gearing systems for oil and gas, wind energy, mining, steel and other industrial applications. The company uses an integrated manufacturing process, generally starting with steel bars or forgings, which are then machined in its Cicero, Illinois facility. Most precision gears are heat-treated in its Neville Island, Pennsylvania facility and then returned to the Cicero facility for finishing and assembly. Its sales are mainly for replacement gearing for the existing installed wind turbine fleet. The company focuses on the manufacture of custom-engineered gearing systems and gearboxes for oil and gas, mining and other industrial customers. Services segment The Services segment offers a range of services primarily to wind farm developers and operators. The company specializes in non-routine maintenance services for both kilowatt and megawatt class turbines. It also offers comprehensive field services to the wind energy industry. The company provides wind services across the U.S., with primary dispatch locations in South Dakota and Texas. The company operates drivetrain service centers in Abilene, Texas for multi-megawatt wind turbines, and in Howard, South Dakota for kilowatt class turbines. Seasonality Within the Services segment, revenues can be negatively affected by weather related constraints, typically during portions of the first and fourth quarters of the year. Customers The majority of its wind energy industry customer base consists of wind turbine manufacturers who supply wind farm operators and wind farm developers with completed wind turbines. Its customers include Siemens and General Electric. Competition In the Towers and Weldments segment, the company competes with Trinity Industries. In the Services segment, it competes with General Electric, Siemens, enXco, Outland Energy Services, and UpWind Solutions. In the Gearing segment, the company competes with Overton Chicago Gear, Cincinnati Gearing Systems, Merit Gear and Horsburgh & Scott. History The company was formerly known as Tower Tech Holdings Inc. and changed its name to Broadwind Energy, Inc. in 2008.
broadwind energy inc (BWEN:NASDAQ CM)
3240 South Central Avenue
Cicero, IL 60804
|Siemens Ltd||901.50 INR||-15.75|
|Trinity Industries Inc||$45.30 USD||-0.18|
|View Industry Companies|
|Price/Cash Flow||NM||Not Meaningful|
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