# CS Wind expands Vietnam wind tower plant with $110M financing

CS Wind received $110 million in financing from Korea Trade Insurance Corporation (K-Sure) to expand its wind tower factory in Ba Ria-Vung Tau, Vietnam. The expansion will increase maximum production diameter from 6.5m to 10m and weight from 400 tons to over 800 tons, targeting annual capacity of over 120,000 tons of offshore wind towers by April 2024.

- Type: Expansion
- Announced: 2023-08-25
- Where: Phu My Industrial Park, Tan Thanh District, Ba Ria-Vung Tau Province, Vietnam
- Value: $110.0M
- Starts operating: Apr 2024
- Status: under construction
- Capacity: over 120,000 tons per year of offshore wind towers
- Products: offshore wind towers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [CS Wind](https://endata.com/companies/7243.md)
- [CS Wind Vietnam](https://endata.com/companies/72269.md)
- [Korea Trade Insurance Corporation](https://endata.com/companies/72270.md) (investor)

## Sources

- [g-enews.com](https://www.g-enews.com/article/Global-Biz/2023/08/202308271039521423e8b8a793f7_1), 2023-08-27: "CS Wind is expanding its wind tower factory in Vietnam with $110 million in financing from K-Sure to produce larger offshore wind towers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.