CS Wind to Pour USD 200 Million Into New Factory in Vietnam

September 11, 2024, by Adnan Memija

Dong Tam Group and South Korea’s CS Wind have signed a cooperation agreement to lease land for a wind power manufacturing facility in Long An, Vietnam, with a total investment of USD 200 million.

The manufacturing facility will be located in Southeast Asia Industrial Park built by Dong Tam Group in the province’s Can Giuoc district.

Under the agreement, CS Wind Vietnam will lease 50 hectares of industrial and service land to build a factory and storage yard for onshore and offshore towers, as well as other products such as monopiles, transition pieces, and other materials, all intended for the global market.

The expected capacity is up to tens of thousands of units per year, supplying oversized and overweight equipment ranging from 500 tonnes to 4,000 tonnes per item, according to Dong Tam Group. In particular, all of the equipment and materials will be initially imported and exported through Long An International Port, estimated to be between 150,000 to 200,000 tonnes annually, the company said.

“Long An Province places high importance on this project and its partners, committing to continuous support to the enterprises, investors, and Can Giuoc District for the project’s successful implementation”, said Nguyen Van Duoc, Member of the Central Committee of the Communist Party of Vietnam, Secretary of the Provincial Party Committee, and Chairman of the Provincial People’s Council of Long An Province.

“Well-developed industrial parks not only attract investments but also significantly contribute to provincial revenues, creating more local jobs, and producing highly competitive domestic and export-quality consumer goods. In Long An, revenues from industrial parks account for nearly half of the total local state budget revenue.”

In 2003, CS Wind established the first wind tower manufacturing company in Vietnam. The company currently operates manufacturing facilities in eight countries, including the US, Denmark, and Vietnam.

Last year, CS Wind acquired Denmark’s Bladt Industries, expanding its production capacity to include a broader range of steel components.