Independent journal on economy and transport policy
13:39 GMT+1
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It closes the yard of construction of wind systems of the DSME in Canada
the plant, realized in joint venture with the Province of Nova Scotia, was inaugurated in june 2011
February 22, 2016
Daewoo Shipbuilding & Marine Engineering Co. (DSME) closes the yard of construction of wind systems in Canada. In the 2010 South Korean navalmeccanico group it had constituted with the Canadian Province of Nova Scotia joint venture DSME Trenton (DSTN) in order to activate the new yard that is inaugurated in June 2011 on the area in which the iron and steel work of Trenton rose.
Past thursday DSTN has communicated to the government of the Canadian Province the decision to stop the activities. The company has specified that currently own pocketbook orders is empty and that in the yard activities of maintenance of the system with the aid of 19 dependent are carried out only, activities that allow to maintain the plant open but that they involve a cost salary pairs to about 400 thousand dollars Canadian.
"The future perspectives of DSTN - the minister to the economic Activities of the provincial government has commented, Mark Furey - are not improved during the last few years and the state of the domestic market of the wind systems turns out very beneath of the expectations". The government of Nova Scotia has announced that, with the objective to recover the possible majority of the investment realized in the initiative (in the 2010 government he had invested 59,4 million dollars Canadian in joint venture), will exercise own right to introduce a request in order to start the commissariamento procedure: "the government - Furey has explained - has little alternatives, if that not to prevent the risk of ulterior losses meanwhile, assuring that all the assets return to New Scotland. I know that this - it has continued - is a difficult moment for the dependent, their families and the many people of the community that has worked a lot hardly in order to support this project. I share their disappointment and porgo they it my sincerer gratefulness for their engagement. I want moreover to porgere my thankses to our partner of Korean DSME and my regret because these joint venture has not had happened".
The minister has emphasized that from part its government has made how much in its power in order to support the company, enclosed the performance of initiatives in order to attract investments that but they have not had succeeded not being it are acquired neither customers neither new economic resources. Furey has specified moreover that "the conversion of the yard to another use, which the production of pressurized railway wagons, would have demanded another million investment various dollars at the expense of the contributors, and this simply would not have been feasible and would have had insufficient possibilities of success".
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