GRI – Renewable Industries is to invest some R335 million in a wind tower manufacturing facility in South Africa. GRI – Renewable Industries, the wind industrial division of Corporación Gestamp, will establish the 150 tower a year plant at Atlantis in the Western Cape.

It is forecasted that this new development will be fully operational in 2014. According to Javier Imaz, CEO of GRI, “With this new facility, GRI consolidates its position in the South African market, factor that will enable the business to deploy and share its know-how to the local market.”

The group, through its wind subsidiary, is constructing a wind farm of 75 MW in the Karoo area on the farm Noblesfontein (Victoria West), with an approximate investment of R2.45 billion. Gestamp Wind is also hoping to be awarded with another wind project of 100.8 MW submitted in the Round 3 of the Renewable Energy Independent Power Producer Procurement (REIPPP) programme.

Corporación Gestamp, GRI´s umbrella business, is an international company in different sectors such as steel, vehicle components and renewable energies. Currently Corporation Gestamp is present in 25 countries in Europe, the Americas and Asia, with more than 130 industrial plants and a global workforce of more than 35,000 employees. The annual turnover of Corporación Gestamp in 2013 exceeded 9,000 million Euros.