Vestas has received the Business Licence for its first factory in China. After having surveyed a number of potential locations, Vestas has decided to set up a blade factory in Tianjin Economic-Technological Development Area (TEDA), where Vestas has signed a contract to buy about 190,000 m² of land. The establishment of the factory that will employ about 240 people will be started as soon as possible, and Vestas expects to deliver the first 39m blades for V80-2.0MW wind turbines during the first half of 2006. At full capacity, the factory will be able to produce approximately 600 turbine blades per year. Vestas’ investment in the new factory totals around € 25 million and is included in the investment plans described in the company’s Annual Report 2004.