Columbus wind tower plant bought - News, Weather and Sports for Lincoln, NE; KLKNTV.com

Columbus wind tower plant bought

Posted: Updated:

Posted By:  KLKN Newsroom
8@klkntv.com

COLUMBUS, Neb. (AP) _ Valmont Industries Inc. is buying a wind tower plant that closed this fall and modify it build more of the company's steel transmission structures for utilities.

Valmont, which also makes irrigation equipment and engineered products for infrastructure, announced the purchase of Katana Summit's 300,000-square-foot Columbus plant on Monday. Terms were not disclosed.

The Katana plant closed this fall because of uncertainty about the future of tax credits for wind power.

Valmont spokesman Jeff Laudin says he's not sure how many people the plant will employ once modifications are complete in 2014.

Omaha-based Valmont says the Columbus plant will add roughly $100 million in additional manufacturing capacity annually for its utility structures.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLKN. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.