Trinity Industries subsidiary files litigation against Suzlon Wind Energy

News Breaks January 4, 2012 18:03 EDT TRN 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

News For TRN From The Last 14 Days Check below for free stories on TRN the last two weeks. There are 2 items on the Fly with pertinent information. Sign up for a free trial to see the rest of the stories you've been missing. January 4, 2012 18:03 EDT TRN 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 EDT TRN

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

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