Broadwind Energy, Inc. Overview
Company Headquarters: U.S.
Founded: 1996
Workforce: ~500
Company Working: Broadwind Energy, Inc. primarily manufactures and sells precision gearing, gearboxes and repair services, wind turbine gearing, industrial fabrications, wind turbine gearbox, and wind turbine towers. It operates through business segments such as towers and heavy fabrications, gearing, and process systems. It offers products to the construction, mining, and energy industries. The towers and heavy fabrications segment manufacture towers, which have various megawatt capacities of wind turbines primarily serving wind turbine manufacturers and specialty weld products and fabrications for energy and other industrial customers. The Gearing segment builds, engineers, and remanufactures gearing systems and precision gears and gearboxes for oil and gas, wind energy, mining, steel, and other industrial applications. Broadwind Energy's Process Systems division focuses on kitting, supply chain, distribution, and electromechanical assemblies. It has 7 manufacturing facilities in 6 countries.
The company operates wind tower production facilities in Texas and Wisconsin; machining and finishing process facilities in Illinois; and heat treatment facilities in Pennsylvania. Broadwind is headquartered in Cicero, Illinois, the US. The subsidiaries that are controlled by Broadwind Energy, Inc. include Energy Maintenance Service LLC, Tower Tech Systems Inc, Brad Foote Gear Works, Broadwind Towers, Inc., and Brad Foote Gear Works. American Superconductor Corporation, Aqua Metals, Inc., AMTEK, Inc., Generac Holdings Inc., Gulf Island Fabrication, Inc, and Harsco Corporation are some of its competitors.
Strategy
The company majorly focuses on acquisitions and mergers to expand the business in various emerging markets. The company has been making high investments to extend the product lines and expand the manufacturing units. Also, Company focuses on integration of the supply chain plus “Continuous Improvement” initiatives are key factors that enable high operating efficiencies, increased reliability, better delivery and lower costs. In addition to this company’s, sales and marketing strategy is to develop and maintain long term relationships with energy and infrastructure sector customers.
