Chinese wind tower manufacturer TSP Canada Towers has closed its doors in Ontario. TSP invested C$25m in a 450,000-square-foot facility in Thorold in the Niagara Region, which opened in June 2012. The plant employed about 120 people, Thorold chief administrative officer Frank Fabiano told reNEWS. “It’s a tremendous loss for the community,” he said.
The company was a joint venture between Shanghai Taisheng Wind Power Equipment and British Columbia-based Top Renergy however the partnership dissolved about six months ago, said Fabiano. The most recent production run ended at the turn of the year and the staff have now been let go.
TSP has established its own team to look at options for restructuring the business. It is not known if the factory will reopen. Read article