Factory closes at TPI Composites in Newton, Iowa

Unemployment, TPI Composites Inc. By the end of this year, the Newton wind farm could have stopped production.

City manager Matt Mukeller said in a statement Thursday afternoon that the factory could be closed for the rest of the year. According to the Newton Daily News, 750 workers could lose their jobs.

Silman did not return an email for comment Thursday night.

According to the TIPI’s latest annual report, the company has partnered with General Electric International.

The contract gives General Electric the option to renew the contract in 2022. A company spokesman did not immediately respond to a request for comment, and the GIA could not be reached for comment.

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