Ib Andresen Industri

Ib Andresen Industri Overview

Company Headquarters: Denmark

Founded: 1996

Workforce: ~500

Company Working: Ib Andresen Industri operates in wind, solar, transport, building, and steel industries. It specializes in the development and production of bolted steel shell towers for wind turbines. It has improved the bended and bolted tower concept and is now ready with next generation wind turbine towers. Its steel towers are available in various heights above 115 m for on-shore wind turbines. The company offers steel solutions for internals, and tower constructions to the wind industry, nacelle components, and mounting solutions for PV and CSP-systems of the solar industry, and steel solutions for the industrial market. The company also offers supplier services, customized solutions, service center, and steel designing solutions. It has supplied various solutions to big wind turbine manufacturers.

The company has production facilities in Nyborg and Langeskov. It offers safe, efficient, intelligent and affordable solutions for wind turbines, oil and gas equipment, and machines. Ib Andresen Industri A/S operates as subsidiary of IAI Holding A/S.

Strategy

The company has been focusing on achieving sales growth. It strategizes to renovate its business model to improve its revenue structure. It plans to ensure competitiveness and constant availability of its products in the key regions of Europe, Asia, and North America. The company has been increasing its research and development spending to enhance the product quality and meet the demand for productive and efficient production technologies. In the coming years, the company is expected to increase its employee strength and expand the subsidiaries.

Company Snapshot

$165.5M

Revenue

500

Employees

1996

Founded

Denmark

Headquarters

SWOT Analysis

Strengths

Strong focus on steel solutions
Strong presence in North Europe

Weaknesses

Weak research and development capabilities

Opportunities

Scope in customized solutions
Opportunities in emerging economies

Threats

Volatile raw material supply

Key Developments

Date	Approach	Development
February, 2018	Launch	Ib Andresen Industri set up new welding robot facility to optimize logistics. It invested USD 3 million in the area where the welding robot is installed. The new facility has increased capacity and involves automation and digitization.

Product Offering

Ib Andresen Industri
- Wind Tower

Financial Performance

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