EnergyWatch

MHI Vestas CEO: Even a hard Brexit will not deter strategy

"We don't have a scenario where we adjust our strategy, even in an extreme Brexit," says the company's co-CEO Philippe Kavafyan.

Photo: MHI Vestas

Deal or no deal, Brexit will not deter MHI Vestas from pursuing its strategy. The manufacturer has located a portion of its manufacturing on the Isle of Wight in the English Channel, which could potentially be impacted by customs barriers after the UK bids the European Union adieu, says MHI Vestas Chief Executive Philippe Kavafyan to Reuters.

Even though MHI Vestas' Isle of Wight factory will end up sending around 76 percent of its turbine blades to projects within the EU, Kavafyan is not worried about the possibility of a hard Brexit, which might levy a 2.6 duty on UK exports.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

CIP hires Dutch profile

Current CFO at TenneT Otto Jager will join CIP as partner, with a primary focus on flagship funds.

Further reading

Related articles

Latest News

See all jobs