(AMM) Big Louisiana turbine maker runs out of wind

A metal fabricator said to be one of the country?s largest manufacturers of wind turbines has unexpectedly shut down in the midst of what was described as a severe cash-flow crunch.

Beaird Co. Ltd., Shreveport, La., closed its doors and laid off 427 workers as executives seek new investors as well as possible state assistance to pump in money to keep the company afloat.

It was unclear when the company might reopen. Beaird executives were quoted as saying that the shutdown was "temporary" and they expected to resume operations within the next week or so, perhaps by June 2.

On Friday,...


Martyn Chase

May 23, 2008

23:02 GMT