--- title: "Titan Wind: Decided to implement long-term production suspension arrangements for six wholly-owned subsidiaries" type: "News" locale: "en" url: "https://longbridge.com/en/news/274117445.md" description: "Titan Wind has decided to implement a long-term production suspension arrangement for six wholly-owned subsidiaries due to intense market competition, aiming to optimize resource allocation and focus on the development of core businesses such as offshore wind power. The unfinished contracts of the suspended subsidiaries will be taken over by other normally operating subsidiaries. Since the suspended subsidiaries are in a loss-making state, this decision will not have a significant impact on the company's main business" datetime: "2026-01-29T08:37:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274117445.md) - [en](https://longbridge.com/en/news/274117445.md) - [zh-HK](https://longbridge.com/zh-HK/news/274117445.md) --- # Titan Wind: Decided to implement long-term production suspension arrangements for six wholly-owned subsidiaries On January 29th, Titan Wind announced that the company has decided to cease production and business operations at six wholly-owned subsidiaries, including Shangdu Blades. Given the increasingly fierce market competition in the regions where the subsidiaries are located, in order to further optimize the overall resource allocation of the company and concentrate superior forces on developing core businesses such as offshore wind power, and to comprehensively enhance operational efficiency and profitability, the company has decided to implement a long-term production suspension arrangement for the aforementioned wholly-owned subsidiaries after careful deliberation and strict adherence to the corresponding decision-making procedures. Contracts that have not been fulfilled by the suspended subsidiaries will be taken over by nearby subsidiaries that are operating normally. Since the suspended subsidiaries are in a loss-making state, the decision to suspend production will not have a significant impact on the company's main business ### Related Stocks - [002531.CN](https://longbridge.com/en/quote/002531.CN.md) ## Related News & Research - [Trump administration halts wind projects, pays $2B to scrap leases](https://longbridge.com/en/news/286895523.md) - [NextEra CEO says feels 'very good' about Dominion offshore wind project](https://longbridge.com/en/news/286812520.md) - [RWE's Earnings Rise as Offshore Wind Unit Helps Offsets Weaker Trading](https://longbridge.com/en/news/286205692.md) - [Announcement from Eimskip: Seafarers’ Union of Iceland announces strike](https://longbridge.com/en/news/286679460.md) - [Europe-China spacecraft launches to study Earth's 'invisible armour'](https://longbridge.com/en/news/286881963.md)