Thursday, January 5, 2012

Trinity Industries subsidiary files litigation against Suzlon Wind Energy

News Breaks

January 4, 2012

18:03 EDTTRN
theflyonthewall.com: Trinity Industries subsidiary files litigation against Suzlon Wind Energy
Trinity Structural Towers, a subsidiary of Trinity Industries, announced that it filed a breach of contract law suit against Suzlon Wind Energy Corporation for failure to comply with its purchasing obligations for structural wind towers from TSTI pursuant to the 2008 Supply Agreement between the two companies. The law suit was filed in the District Court of Dallas County. In accordance with the Agreement, Suzlon agreed to purchase approximately $377.3M worth of TSTI-manufactured 80-meter wind towers on a scheduled basis through 2011. Following the execution of the Agreement, TSTI and Suzlon mutually agreed to amend the Agreement on two separate occasions, ultimately resulting in an additional $123.8M worth of wind towers to be purchased and extending the delivery timeframe of wind towers through 2013. To date, TSTI has produced and delivered approximately $88.6M worth of wind towers. :theflyonthewall.com

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January 4, 2012

18:03 EDTTRN
theflyonthewall.com: Trinity Industries subsidiary files litigation against Suzlon Wind Energy
Trinity Structural Towers, a subsidiary of Trinity Industries, announced that it filed a breach of contract law suit against Suzlon Wind Energy Corporation for failure to comply with its purchasing obligations for structural wind towers from TSTI pursuant to the 2008 Supply Agreement between the two companies. The law suit was filed in the District Court of Dallas County. In accordance with the Agreement, Suzlon agreed to purchase approximately $377.3M worth of TSTI-manufactured 80-meter wind towers on a scheduled basis through 2011. Following the execution of the Agreement, TSTI and Suzlon mutually agreed to amend the Agreement on two separate occasions, ultimately resulting in an additional $123.8M worth of wind towers to be purchased and extending the delivery timeframe of wind towers through 2013. To date, TSTI has produced and delivered approximately $88.6M worth of wind towers. :theflyonthewall.com

January 3, 2012

10:30 EDTTRN

Source: http://www.theflyonthewall.com/permalinks/entry.php/TRNid1553076/TRN-Trinity-Industries-subsidiary-files-litigation-against-Suzlon-Wind-Energy-

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