Flender/Flender Gear Units/Helical speed reduction gearboxes H3
er steel and labor costs elsewhere. 1. China central government policy -making in the 2s helped establish the worlds largest

national wind -turbine value chain within the countrys borders. Foreign turbine -makers, which 1,0 tons Potential demand for rare earth

from wind turbines by 2 $2.6 billion The value of wind equipment imported into the .. in 2 1GW Wind

turbine nacelle manufacturing capacity in 2 Wind Trade And Manufacturing February 2 Bloomberg Finance .. 2 No portion of this

document may be reproduced, scanned into an electronic system, distributed, publicly displayed or used as the basis of derivative works without the prior written consent of Bloomberg Finance .. For more information on terms of use, please contact sales.bnef Siemens Flender bloomberg.net. Copyright and Disclaimer notice on page 2 applies thro ughout. 2 had been growing sales locally quickly , lost market share after China imposed local -content requi rements. 1. Those requirements were lifted in 2 after domestic players had established dominant positions. Chinas policies have created market inefficiencies, namely overcapacity. Chinese turbine manufacturers have to date had little success in exporting fi nal products overseas. 1. Over half the manufacturing value of typical completed wind turbine installed in the .. accrues to the .. Towers and blades are often made domestically. Chin ese manufacturers have greater presence in gearboxes, converters and bearings but these represent only 2% of turbine final cost. 1. There are other costs associated with wind turbi ne installations that, by definition , accrue value locally. Taking typical wind projects development and balance of plant costs into account would push the total share of value accrued in typical .. wind turbine to 7%. Wind Trade And Manufacturing February 2 Bloomberg Finance .. 2 No portion of this document may be reproduced, scanned into an electronic system, distribut