Press releases

Moventas Wind cancels temporary layoff notice

One of the world’s leading wind gear manufacturers, Moventas Wind Oy, has canceled its temporary layoff notice in its two Jyväskylä-based Finnish wind gear factories.

Issued in the spring of 2009, the notice is now canceled due to a positive demand outlook for the near term.

Moventas Wind’s prospects have improved since the change of ownership stabilized its financial situation in February. Moventas companies’ new owner is the global industrial engineering group Clyde Blowers.

Mikael Laine
President & CEO
Moventas companies

About Moventas

Moventas is a wind gearbox technology expert and service provider. Moventas’ technology strives for lowering the cost of energy across the lifecycle of wind energy generation, from superior gearbox design and manufacture to extensive multi-brand service for 20 different turbine brands' gearboxes globally.