Latest news with #TPIComposites
Yahoo
3 days ago
- Business
- Yahoo
TPI Composites, Inc. Advances Chapter 11 Process with Court Approval of First-Day Motions
SCOTTSDALE, Ariz., Aug. 13, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ: TPIC) together with its domestic subsidiaries (collectively, 'TPI' or the 'Company') announced today that the U.S. Bankruptcy Court for the Southern District of Texas (the 'Bankruptcy Court') approved all first-day motions filed by the Company in connection with its voluntary chapter 11 proceedings. The approvals provide the Company with the operational flexibility and liquidity necessary to continue normal business operations during the chapter 11 process. Key motions approved include, interim approval for debtor-in-possession financing from its senior secured lenders of up to $82.5 million, the continuation of employee wages and benefits, maintenance of cash management systems, and the authority to pay certain prepetition obligations critical to ongoing operations. 'Our priority is to maintain stability and support for our employees, customers, and partners during this process,' said Bill Siwek, Chief Executive Officer of TPI. 'The court's approval of these first-day motions allows us to focus on executing our strategic initiatives to strengthen the Company for the long term.' Additional Information Additional information regarding the Company's court-supervised process is available at Court filings and other information related to the proceedings are available on a separate website administrated by the Company's claims agent, Kroll, at by calling Kroll representatives at (877) 280-2696 within the U.S. & Canada (or +1 (646) 290-7082 internationally for calls originating outside of the U.S.); or by sending an email to TPIinfo@ About TPI TPI Composites, Inc. is a global company focused on innovative and sustainable solutions to decarbonize and electrify the world. TPI delivers high-quality, costeffective composite solutions through long-term relationships with leading OEMs in the wind markets. TPI is headquartered in Scottsdale, Arizona and operates factories in the U.S., Mexico, Türkiye and India. TPI operates additional engineering development centers in Denmark and Germany and global service training centers in the U.S. and Spain. Forward-Looking Statements This release contains forward-looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements include statements, among other things, concerning: the adoption, implementation and consummation of a Chapter 11 plan of reorganization; the commencement of Chapter 11 proceedings in U.S. bankruptcy court; growth of the wind energy and electric vehicle markets and our addressable markets for our products and services; effects on our financial statements and our financial outlook; our business strategy, including anticipated trends and developments in and management plans for our business and the wind industry and other markets in which we operate; future financial results, operating results, revenues, gross margin, operating expenses, profitability, products, projected costs, warranties, our ability to improve our operating margins, and capital expenditures. These forward-looking statements are often characterized by the use of words such as 'estimate,' 'expect,' 'anticipate,' 'potential,' 'project,' 'plan,' 'intend,' 'seek,' 'believe,' 'forecast,' 'foresee,' 'likely,' 'may,' 'should,' 'goal,' 'target,' 'might,' 'will,' 'could,' 'predict,' 'continue' and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed in 'Risk Factors,' in our Annual Report on Form 10-K and other subsequent filings with the SEC. Investor Relations 480-315-8742 Investors@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
3 days ago
- Business
- Globe and Mail
TPI Composites, Inc. Advances Chapter 11 Process with Court Approval of First-Day Motions
Secures Access to Liquidity and Financial Flexibility Operations Continue Uninterrupted for Employees, Customers, and Supply Partners Company Focused on Executing Strategic Initiatives for Long-Term Stability SCOTTSDALE, Ariz., Aug. 13, 2025 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (NASDAQ: TPIC) together with its domestic subsidiaries (collectively, 'TPI' or the 'Company') announced today that the U.S. Bankruptcy Court for the Southern District of Texas (the 'Bankruptcy Court') approved all first-day motions filed by the Company in connection with its voluntary chapter 11 proceedings. The approvals provide the Company with the operational flexibility and liquidity necessary to continue normal business operations during the chapter 11 process. Key motions approved include, interim approval for debtor-in-possession financing from its senior secured lenders of up to $82.5 million, the continuation of employee wages and benefits, maintenance of cash management systems, and the authority to pay certain prepetition obligations critical to ongoing operations. 'Our priority is to maintain stability and support for our employees, customers, and partners during this process,' said Bill Siwek, Chief Executive Officer of TPI. 'The court's approval of these first-day motions allows us to focus on executing our strategic initiatives to strengthen the Company for the long term.' Additional Information Additional information regarding the Company's court-supervised process is available at Court filings and other information related to the proceedings are available on a separate website administrated by the Company's claims agent, Kroll, at by calling Kroll representatives at (877) 280-2696 within the U.S. & Canada (or +1 (646) 290-7082 internationally for calls originating outside of the U.S.); or by sending an email to TPIinfo@ About TPI TPI Composites, Inc. is a global company focused on innovative and sustainable solutions to decarbonize and electrify the world. TPI delivers high-quality, costeffective composite solutions through long-term relationships with leading OEMs in the wind markets. TPI is headquartered in Scottsdale, Arizona and operates factories in the U.S., Mexico, Türkiye and India. TPI operates additional engineering development centers in Denmark and Germany and global service training centers in the U.S. and Spain. Forward-Looking Statements This release contains forward-looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements include statements, among other things, concerning: the adoption, implementation and consummation of a Chapter 11 plan of reorganization; the commencement of Chapter 11 proceedings in U.S. bankruptcy court; growth of the wind energy and electric vehicle markets and our addressable markets for our products and services; effects on our financial statements and our financial outlook; our business strategy, including anticipated trends and developments in and management plans for our business and the wind industry and other markets in which we operate; future financial results, operating results, revenues, gross margin, operating expenses, profitability, products, projected costs, warranties, our ability to improve our operating margins, and capital expenditures. These forward-looking statements are often characterized by the use of words such as 'estimate,' 'expect,' 'anticipate,' 'potential,' 'project,' 'plan,' 'intend,' 'seek,' 'believe,' 'forecast,' 'foresee,' 'likely,' 'may,' 'should,' 'goal,' 'target,' 'might,' 'will,' 'could,' 'predict,' 'continue' and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed in 'Risk Factors,' in our Annual Report on Form 10-K and other subsequent filings with the SEC.
Bloomberg
5 days ago
- Business
- Bloomberg
Wind Blade Maker TPI Composites Files for Bankruptcy in Texas
Wind turbine blade manufacturer TPI Composites Inc. has filed for Chapter 11 to restructure its debt with support from lender Oaktree Capital Management. The company listed $500 million to $1 billion in estimated assets, along with $1 billion to $10 billion in estimated liabilities, according to a bankruptcy court dated Monday.
Globe and Mail
30-07-2025
- Business
- Globe and Mail
Wind Blade Composites Market: Cost, Price, Revenue Analysis Industry Chain Report 2025
The Wind Blade Composites industry is witnessing steady growth driven by the global shift toward renewable energy. Increasing wind energy installations and demand for lightweight, durable materials are fueling innovation. Key companies such as LM Wind Power, TPI Composites, and Siemens Gamesa are investing in advanced composite technologies to enhance performance and reduce lifecycle costs. The wind blade composites market is projected to grow from USD 13.28 billion in 2025 to USD 21.87 billion by 2030, at a CAGR of 10.5% during the forecast period. The report provides key insights about wind blade composites market drivers, restraints, opportunities, new product launches or approvals. The wind blade composites market is driven by several key factors, including the increasing global demand for renewable energy, supportive government policies advancing sustainable energy solutions, and significant advancements in material technology. The primary materials used in wind blade composites are glass fiber reinforced polymers and carbon fiber composites, which exhibit outstanding properties such as high strength-to-weight ratios, fatigue resistance, corrosion resistance, design flexibility, thermal stability, and low maintenance requirements, making them the preferred choice for wind blade manufacturing. Furthermore, innovations in manufacturing technologies—such as the implementation of 3D printing, advanced molding techniques, and robotic layup processes—have streamlined production, enhanced quality, and reduced costs. These advancements enable the creation of more complex and aerodynamic blade shapes, leading to improved energy capture and overall efficiency. Download PDF Brochure: Glass fiber segment dominated wind blade composites market, in terms of value, in 2024 Glass fiber is a predominant material in the wind blade composites market, largely due to its optimal combination of strength, durability, and cost-effectiveness. This material exhibits exceptional mechanical properties, notably a high strength-to-weight ratio, which is critical for the production of large, lightweight, and resilient wind turbine blades. These blades are designed to endure operational stresses and harsh environmental conditions. The cost-effectiveness of glass fiber is particularly significant in the wind energy sector, where large-scale production and economic viability are paramount. Additionally, glass fiber offers excellent chemical resistance, stiffness, and fatigue resistance, contributing to extended service life and minimizing maintenance requirements for wind blades. Its compatibility with various resin systems and well-established manufacturing processes facilitates the fabrication of complex aerodynamic shapes, optimizing blade performance and maximizing energy output. Epoxy segment accounted for largest share of wind blade composites market, in terms of value, in 2024 Epoxy resin dominates the market within the resin type category due to its exceptional mechanical strength and adhesive properties. As the integral matrix material, it effectively binds reinforcing fibers—commonly glass or carbon fibers—thereby ensuring structural integrity and efficient load transfer throughout the blade. The high strength, stiffness, and resilient nature of epoxy resins provide crucial protection against environmental factors such as moisture, UV radiation, and temperature fluctuations, all vital for the durability of wind blades subjected to demanding outdoor conditions. Furthermore, the chemical versatility of epoxy resins facilitates customized curing processes and enhanced toughness, significantly improving the blades' fatigue resistance and overall performance. Blade size over 50 meters to register highest CAGR in wind blade composites market during forecast period The segment of wind blades exceeding 50 meters in length is anticipated to register the highest CAGR in the wind blade composites market. This growth is driven by the industry's emphasis on enhancing energy efficiency and the imperative to optimize power output from wind turbines. Longer blades are capable of sweeping a larger surface area, enabling them to capture a greater volume of wind, which directly translates to increased electricity generation. This ultimately enhances the overall efficiency and economic viability of wind energy projects. Moreover, advancements in composite technology, particularly incorporating carbon fiber in critical structural components and developing advanced resin systems, have facilitated the manufacturing of ultra-long blades. These innovations contribute to elevated energy yields and lower the cost associated with wind power generation. Offshore wind turbines segment to register highest CAGR in wind blade composites market during forecast period The offshore wind turbine sector is poised to experience the highest growth rate within the wind blade composites market. This sector is undergoing rapid expansion, with global capacity additions projected to escalate from 16 GW in 2025 to 34 GW by 2030, capturing a larger share of new wind installations globally. Consequently, there is a heightened demand for efficient and visually appealing offshore wind turbines aimed at large-scale renewable energy production. Significant investments in offshore wind energy projects in nations such as Germany, the Netherlands, Denmark, and Belgium necessitate the development of larger and more resilient wind turbine blades. These blades must incorporate advanced composite materials to endure the demanding marine conditions prevalent in saltwater environments, including corrosion, high humidity, and severe weather phenomena. Asia Pacific accounted for largest share of wind blade composites market in terms of value and volume in 2024 In 2024, the Asia Pacific region represented the largest market share, primarily driven by rapid advancements in its renewable energy sector, particularly in wind power. Significant investments in wind energy infrastructure by countries such as China, India, and Japan aim to address increasing energy demands and meet sustainability objectives. Leading manufacturers, including Teijin Limited, China National Building Material Group Corporation, China Jushi Co., Ltd., and Toray Industries, Inc., are establishing production facilities in developing nations to leverage cost advantages, access to skilled labor, and proximity to local and international markets. This region also enjoys the benefit of abundant raw materials, efficient manufacturing processes, and supportive government policies and incentives, which collectively enhance the production and integration of composite materials for wind blades. Furthermore, recent innovations in China have led to the development of a method for recycling decommissioned wind turbine blades into asphalt mixtures for road construction. Wind Blade Composites Companies Prominent companies in this market include China Jushi Co., Ltd. (China), DowAksa (Turkey), Teijin Limited (Japan), SGL Carbon (Germany), Hexcel Corporation (US), Gurit Services AG (Switzerland), China National Building Material Group Corporation (China), Toray Industries, Inc. (Japan), Röchling (Germany), Exel Composites (Finland), Evonik (Germany), Arkema (France), Owens Corning (US), Exxon Mobil (US), and Huntsman (US). Exxon Mobil Corporation (US) Exxon Mobil Corporation is a leading global energy company that was formed through the merger of Exxon and Mobil. As one of the world's largest publicly traded oil and gas companies, Exxon Mobil Corporation is engaged in the exploration, production, refining, and distribution of petroleum and natural gas, as well as the manufacturing of petrochemicals. Its operations are divided into three main segments: Upstream, which focuses on the exploration and extraction of crude oil and natural gas; Downstream, which handles refining and marketing of fuels and lubricants; and Chemical, which produces a wide range of petrochemical products used in industrial and consumer applications. Under its Chemical segment, the company offers advanced resin systems, such as Proxxima, for lighter, more durable wind blades with a lower carbon footprint and improved manufacturing efficiency. Evonik (Germany) Evonik is a large global specialty chemicals firm based in Essen, Germany. The company was founded in 2007 as part of RAG-Stiftung's restructuring and has since become a major participant in the international chemical sector. Evonik specializes in high-performance materials and specialized chemicals used in various industries, including automotive, pharmaceuticals, agriculture, nutrition, construction, and consumer goods. Evonik has numerous major business categories, including Specialty Additives, Nutrition & Care, Smart Materials, and Performance Materials. Its product portfolio comprises additives for coatings and paints, amino acids for animal nutrition, high-performance polymers, and personal care components. Geographically, Evonik has a strong global footprint, with operations in more than 100 countries across Europe, North America, Asia Pacific, and Latin America. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Yahoo
21-07-2025
- Business
- Yahoo
2 Industrials Stocks with Competitive Advantages and 1 We Find Risky
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems confused about where we could go next. This uncertainty has led to a flat return for the industry over the past six months while the S&P 500 was up 4.1%. The elite companies can churn out earnings growth under any circumstance, however, and our mission at StockStory is to help you find them. With that said, here are two industrials stocks boasting durable advantages and one we're steering clear of. One IndustrialsStock to Sell: TPI Composites (TPIC) Market Cap: $44.9 million Founded in 1968, TPI Composites (NASDAQ:TPIC) manufactures composite wind turbine blades and provides related precision molding and assembly systems. Why Should You Dump TPIC? Offerings couldn't generate interest as its billings have averaged 11.5% declines over the past two years Eroding returns on capital from an already low base indicate that management's recent investments are destroying value Unprofitable operations could lead to additional rounds of dilutive equity financing if the credit window closes TPI Composites's stock price of $0.94 implies a valuation ratio of 0.8x forward EV-to-EBITDA. Read our free research report to see why you should think twice about including TPIC in your portfolio, it's free. Two Industrials Stocks to Watch: Axon (AXON) Market Cap: $58.86 billion Providing body cameras and tasers for first responders, AXON (NASDAQ:AXON) develops technology solutions and weapons products for military, law enforcement, and civilians. Why Is AXON a Good Business? Products are seeing elevated demand as its unit sales averaged 32% growth over the past two years Free cash flow margin expanded by 20.3 percentage points over the last five years, providing additional flexibility for investments and share buybacks/dividends Rising returns on capital show the company is starting to reap the benefits of its past investments At $755 per share, Axon trades at 127x forward P/E. Is now a good time to buy? Find out in our full research report, it's free. Ingersoll Rand (IR) Market Cap: $34.52 billion Started with the invention of the steam drill, Ingersoll Rand (NYSE:IR) provides mission-critical air, gas, liquid, and solid flow creation solutions. Why Could IR Be a Winner? Operating profits increased over the last five years as the company gained some leverage on its fixed costs and became more efficient Incremental sales over the last five years have been highly profitable as its earnings per share increased by 18.4% annually, topping its revenue gains Robust free cash flow margin of 15.7% gives it many options for capital deployment, and its improved cash conversion implies it's becoming a less capital-intensive business Ingersoll Rand is trading at $85.53 per share, or 24.8x forward P/E. Is now the time to initiate a position? See for yourself in our comprehensive research report, it's free. High-Quality Stocks for All Market Conditions When Trump unveiled his aggressive tariff plan in April 2024, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that's already erased most losses. Don't let fear keep you from great opportunities and take a look at Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
