200 million USD wind power equipment factory to built in Long An (Photo: VNA)
Dong Tam Group of Vietnam and CS Wind Group of the Republic of Korea (RoK) on September 10 signed a cooperation agreement on land leasing for a large-scale wind power equipment factory in the Mekong Delta province of Long An with a total investment capital of 200 million USD.
The factory will be located in the Southeast Asia Industrial Park built by Dong Tam Group in the province's Can Giuoc district.
Vo Quoc Thang, Chairman of Dong Tam Group, said the partnership reflects the professional efforts of both the group and the investor, marking a significant milestone in the economic development of the district and Long An province.
Under the agreement, CS Wind Vietnam will lease 50 hectares of industrial land in order to build a manufacturing factory and assembly yard for offshore and onshore wind tower, as well as wind energy products such as monopiles, transition pieces, and other materials, which will be supplied to the global market.
The factory has an operating capacity of tens of thousands of units annually, the highest in the world by far.
In particular, 100% of products and accessories for the first phase will be imported and exported through Long An International Port, with an estimated volume of between 150,000 tonnes to 200,000 tonnes per year.
Huynh Van Son, Vice Chairman of the provincial People’s Committee praised the group’s efforts in attracting a major investor like CS Wind. He noted that CS Wind’s investment choice highlights the favourable and transparent business environment in Long An.
Son said that the province is optimistic that the plant’s operation will boost the province's international image, attracting more investors and promoting Long An as a premier investment destination.
