In a Memorandum of Understanding signed by Marmen and Welcon, the two companies wish to collaborate in constituting a distinct entity, jointly owned, to attempt to secure orders for offshore wind towers and foundations in connection with US offshore wind projects and to build together a manufacturing plant in the Northeastern USA for the fabrication of offshore wind towers and Stiesdal foundations.
 
Marmen has expertise in high-precision machining, fabrication and mechanical assembly and is a manufacturer of onshore wind towers in North America. Welcon is a manufacturer of offshore wind towers and holds worldwide production rights for the Stiesdal floating and bottom fixed offshore foundations.
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