ASTA Secures US Supply Deal with Virginia Transformer
ASTA Energy Solutions AG has signed its first US long-term supply agreement with Virginia Transformer Corporation, covering copper winding and conductor components through 2029. The companies previously worked through individual orders. The agreement secures component supply for Virginia Transformer and gives ASTA planning certainty as it expands capacity at all sites as planned.
US power transformer demand reflects grid expansion, rising electricity demand and new generation capacity. US sales account for a single-digit percentage of ASTA’s consolidated revenue.
ASTA will open a US sales office in Q1 2027, while continuing to supply US customers from its global production network. A US manufacturing presence via acquisition remains a medium- to long-term option; its current priority is ramping up existing plants.
“Our first long-term agreement in the United States, with a partner that has trusted us for many years, is a strong signal.” Karl Schäcke, CEO of ASTA Energy Solutions AG, said.
Source: ASTA Energy Solutions
