MAG Industrial Automation Systems Forms Renewable Energy Business Unit


MAG Industrial Automation Systems has formed a renewable energy business unit to design and build automated manufacturing systems for wind turbine components and solar panels. The new business's operations are based in Schaffhausen, Switzerland, and Hebron, Ky., and are headed by Siegfried Schmalzried in Europe and Asia, and Joe Jones in the Americas.

‘In recent months, we have secured $30 million in contracts, representing an approximate 30 percent share of our targeted market, putting us on track for our goal to produce 10 percent of MAG's annual revenue,’ says Jones.

MAG is currently sharing in a $7 million grant from the state of Michigan to develop a revolutionary wind hub machining cell for high-volume manufacturing, and pursue development of carbon-fiber turbine blades.

SOURCE: MAG Industrial Automation Systems Â

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