TPI Composites Inc - Company Profile
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Business Description
TPI Composites Inc (TPI) manufactures composite wind blades and related precision molding and assembly systems. the company also presents composite solutions for vehicles, lightweight composite bus structures, structural composite truck body parts, single parts, and complete vehicle body-in-white. It also offers field service inspection, restoration services, engineering & support services, and repair services.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
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R&D Overview
TPI conducts research and development in collaboration with customers and suppliers, focusing on design for manufacturing and innovative manufacturing processes, including automation, advanced materials, and quality inspection tools. The company partners with the U.S. Department of Energy, national laboratories, universities, and private industry to innovate in advanced manufacturing and sustainability. Recent projects include inspection technologies, additive manufacturing of modular wind blades, and manufacturing automation using recycled materials. TPI is involved in national consortia and collaborates on AI-powered vision systems to enhance production metrics and quality. The company is expanding its intellectual property portfolio and leveraging expertise in modeling, data analysis, machine learning, and optical vision systems to implement a closed-loop blade manufacturing system. The company also focuses on Model-Based Manufacturing tools and techniques, composite design, precision moulding, prototyping, testing, and volume production capabilities. TPI has an advanced engineering center in Berlin, Germany, focusing on blade design, tooling, materials, and process technology development. Another advanced engineering center is based in Kolding, Denmark, providing technical and engineering resources to the company's manufacturing facilities and customers. The company collaborates with the Institute for Advanced Composite Manufacturing Innovation and is a member of the Industrial Advisory Board for WindSTAR, a National Science Foundation Industry/University Collaborative Research Consortium. In FY2024, the company spent US$1.3 million on R&D, which as a percentage of revenue, stood at 0.09% and decreased 7.1% YoY.
Product Categories
- Field Service, Inspection and Repair Services Sales
- Wind Blade, Tooling and Other Wind Related Sales
Performance
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Performance
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Geographical Segments
Overview
It manufactures wind blades at its two facilities in Izmir, Turkey, and offers wind blade inspection and repair services. Operates wind blade inspection and repair service facility in Madrid, Spain; and offers wind blade inspection and repair services in the UK. In FY2024, the segment's capital expenditure stood at US$7.5 million, which decreased 65% YoY.
Performance
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Overview
Manufactures wind blades at its manufacturing facility in Chennai, India. In FY2024, the segment's capital expenditure stood at US$0.9 million, which grew 17.2% YoY.
Performance
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Overview
Manufactures wind blades at its three facilities in Juarez, Mexico, and a facility in Matamoros, Mexico. Manufactures precision molding, assembly systems, and composite solutions for the transportation industry at the Juarez, Mexico facility. Offers wind blade inspection and repair services. In FY2024, the segment's capital expenditure stood at US$11.1 million, which grew 65.2% YoY.
Performance
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Overview
Manufactures wind blades at Newton, Iowa facility. Manufactures precision molding and assembly systems used for its transportation business; and composite solutions for the transportation industry at Warren, Rhode Island facility. Provides wind blade inspection and repair services. Provides technical and engineering resources to its manufacturing facilities, from the advanced engineering center, in Kolding, Denmark. Operates engineering center in Berlin, Germany. In FY2024, the segment's capital expenditure stood at US$3.3 million, which grew 3.8% YoY.
Performance
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