ZHONGSHAN, China, March 25, 2015 /PRNewswire/ -- China Ming Yang
Wind Power Group Limited (NYSE: MY) ("Ming Yang" or the "Company"), takes
8th in world's top 10 wind turbine
original equipment manufacturers ("OEMs") ranking in 2014, raised
from 9th last year, according to the report of Global
Wind Turbine OEM Market Share Study released by MAKE Consulting.
The same source reveals that the market share of Ming Yang hit 9.9% in total in 2014, with an 11.1% increase of
the whole market growth. Ming Yang
was also one of the only two Chinese companies that retained its
position compared to 2013.
The report also shows that 8 out of the 15 world's top OEMs in
2014 were from China.
"China's unparalleled growth
dominates the industry,"
cited the report, which says
the Chinese wind market grew
23.6GW in 2014, reaching 114.9GW in total.
Statistics provided by Global Wind Energy Council ("GWEC")
reaffirmed MAKE's point with its research, showing that
China's newly installed capacity
and cumulative installed capacity were 23,351 MW and 114,763 MW,
respectively, representing approximately 45% and 31% of the world's
total newly and cumulative installed capacity in 2014, claiming the
crown.
MAKE projects the global wind market to further grow annually by
over 13% in 2015, in its newly released first quarter Global Wind
Power Market Outlook Update in March
2015.
About China Ming Yang Wind Power Group Limited
China Ming Yang Wind Power Group Limited (NYSE: MY) is a
leading wind turbine manufacturer in China, focusing on
designing, manufacturing, selling and servicing megawatt-class wind
turbines. Ming Yang produces
advanced, highly adaptable wind turbines with high energy output
and provides customers with comprehensive post-sales services.
Ming Yang cooperates with aerodyne
Energiesysteme, one of the world's leading wind turbine design
firms based in Germany, to co-develop wind turbines. In terms
of newly installed capacity, Ming
Yang was a top 10 wind turbine manufacturer worldwide and
the largest non-state owned wind turbine manufacturer
in China in 2013.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "to be," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "goal," "strategy" and similar statements.
Such statements are based upon management's current expectations
and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other
factors, all of which are difficult to predict and many of which
are beyond Ming Yang's control,
which may cause Ming Yang's actual
results, performance or achievements to differ materially from
those in the forward-looking statements. Actual results or events
may differ from those anticipated or predicted in this press
release, and the differences may be material. Further information
regarding these and other risks, uncertainties or factors is
included in Ming Yang's filings with
the U.S. Securities and Exchange Commission. Ming Yang does not undertake any obligation to
update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
For further information, please visit the Company's website:
ir.mywind.com.cn.
For investor and media inquiries, please contact:
Investor and Media Contacts:
China Ming Yang Wind Power Group Limited
Johnson Zhang
+86-760-2813-8898
ir@mywind.com.cn
http://ir.mywind.com.cn
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SOURCE China Ming Yang Wind Power Group Limited