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S.Korea’s CS Wind to develop $200mn wind power equipment factory in southern Vietnam

S.Korea’s CS Wind to develop $200mn wind power equipment factory in southern Vietnam

Wednesday, September 11, 2024, 16:34 GMT+7
S.Korea’s CS Wind to develop $200mn wind power equipment factory in southern Vietnam
Representatives of South Korea’s CS Wind and Vietnam’s Dong Tam Group sign a memorandum of understanding for a land lease of 50 hectares to build a US$200-million wind power equipment factory in Southeast Asia Industrial Park located in Long An Province, southern Vietnam, September 10, 2024. Photo: Dong Tam Group

CS Wind, a South Korea-based manufacturer of wind towers and offshore wind substructures, is set to build a wind power equipment factory with an initial investment of US$200 million in Long An Province, southern Vietnam.

As per a memorandum of understanding signed between CS Wind and Vietnam’s Dong Tam Group on Tuesday, the Vietnamese company will lease the South Korean firm a 50-hectare plot of land in the province’s Southeast Asia Industrial Park to build the factory.

Located in Can Giuoc District, the Southeast Asia Industrial Park is part of the Long An International Port complex developed by Dong Tam Group.

The factory will manufacture and assemble offshore and onshore wind turbine towers, monopiles, transition pieces, and other wind power products to serve the global market.

It is expected to churn out tens of thousands of products annually, offering oversized and overweight equipment ranging from 500 to 4,000 metric tons per unit.

CS Wind revealed that 100 percent of the equipment and accessories in the initial phase will be exported and imported through the Long An International Port, with an estimated volume of 150,000-200,000 metric tons per year.

Founded in 1984, CS Wind is a global manufacturer of wind towers for the world’s largest wind generators.

CS Wind established its first wind tower manufacturing company in Vietnam in 2003.

CS Wind currently operates manufacturing facilities in eight countries, having supplied more than 13,000 wind towers to major turbine manufacturers such as Vestas, Siemens-Gamesa, GE, and Goldwind.

Regarding the 1,935-hectare Long An International Port complex, it accommodates a port, an urban area, an industrial service zone, and an industrial park.

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Hong Ngan - Son Lam / Tuoi Tre News

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