Valmont Buys Wind Tower Plant to Expand Capacity

By: Associated Press
By: Associated Press

Valmont Industries Inc. is buying a wind tower plant that closed this fall and modify it build more of the company's steel transmission structures for utilities.

Valmont, which also makes irrigation equipment and engineered products for infrastructure, announced the purchase of Katana Summit's 300,000-square-foot Columbus plant on Monday. Terms were not disclosed.

The Katana plant closed this fall because of uncertainty about the future of tax credits for wind power.

Valmont spokesman Jeff Laudin says he's not sure how many people the plant will employ once modifications are complete in 2014.

Omaha-based Valmont says the Columbus plant will add roughly $100 million in additional manufacturing capacity annually for its utility structures.

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