TPI Composites, Inc. (NASDAQ:TPIC) Files An 8-K Regulation FD Disclosure
Item7.01
| REGULATION FD DISCLOSURE |
TPI Composites, Inc. (the Company) re-affirms its outlook for the
2017 fiscal year as previously disclosed in Exhibit 99.1 to the
Companys Form 8-K filed with the United States Securities and
Exchange Commission on May8, 2017. The Company also has updated
its Investor Presentation, which is available to the public at
http://www.tpicomposites.com/English/investors/Events-and-Presentations/presentations/default.aspx,
to include the information set forth in Item 8.01 below and
certain related information with respect thereto.
The information in
Item 7.01 of this current report on Form 8-K (including the
exhibit referred to herein) is being furnished and shall not be
deemed filed for the purposes of Section18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section. The information in Item 7.01 of this
current report on Form 8-K (including the exhibit referred to
herein) shall not be incorporated by reference into any
registration statement or other document to the Securities Act of
1933, as amended. The information contained on the Companys
website or that can be accessed through the Companys website is
not part of this current report on Form 8-K and shall not be
incorporated by reference herein or into any registration
statement or other document to the Securities Act of 1933, as
amended.
| Item8.01 | OTHER EVENTS |
On May19, 2017,
the Company was notified by General Electric International, Inc.
(GE) that GE does not intend to extend its supply agreement with
the Company for the supply of wind turbine blades from the
Companys Taicang, China manufacturing facility. This supply
agreement expires on December31, 2017. The Company will remain an
outsourced supplier for GE, and it will continue to execute on
its contracts with GE in the United States and Mexico.
About TPI Composites, Inc. (NASDAQ:TPIC)
TPI Composites, Inc. manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities. The Asia segment includes the manufacturing of wind blades in facilities in Taicang Port, China and two in Dafeng, China; the manufacturing of precision molding and assembly systems in its Taicang City, China facility; the manufacturing of components in its second Taicang Port, China facility, and wind blade inspection and repair services. The Mexico segment manufactures wind blades from a facility in Juarez, Mexico. The Middle East and Africa segment manufactures wind blades from a facility in Izmir, Turkey. TPI Composites, Inc. (NASDAQ:TPIC) Recent Trading Information
TPI Composites, Inc. (NASDAQ:TPIC) closed its last trading session up +0.04 at 16.36 with 177,551 shares trading hands.
