TRENTON – The project manager for a manufacturer in Trenton is disputing word that it is closing.
“DSME Trenton Ltd continues to actively seek new projects within the region, nationally and internationally,” Scott Covey said in a press release.
“In recent weeks, the company has been approached by large wind turbine manufacturers, companies in the oil and gas industry, as well as a variety of major players in the steel fabrication sector. There is potential for new projects in all industries and DSME Trenton continues to be optimistic.”
Covey indicated the company is trying to secure another investor for its Trenton operations.
“When entering new industries, challenges are faced and thus DSME Trenton is working to find a third investor in the plant to create more opportunity,” he said. “It is not in the immediate plan for the company to leave its Trenton home and business; we continue to work to develop in order to offer further well-paying jobs in the community.”
South Korean industrial giant Daewoo Shipbuilding & Marine Engineering Ltd. has operated the venture DSME Trenton in partnership with the province in the former TrentonWorks site since 2010. It primarily builds wind turbine towers and blades, although it has sought alternative products to build there.
Great fanfare accompanied DSME’s arrival in Pictou County, but its plans to employ up to 500 people at the former railcar manufacturing facility have never materialized. The deal between the province and the company offered hope that the operation could replace the rail car jobs.
While 300 people were thrown out of work when the rail car plant closed and the work sent elsewhere, it was once a major source of economic activity in Pictou County and at times employed more than 2,000 people.
The former NDP government under then premier Darrell Dexter sank $60 million in cash and loans for a 49-per cent stake in the operation, while federal support came from a $10-million injection by the Atlantic Canada Opportunities Agency.
DSME committed $20 million toward its 51-per cent share.
At the time, DSME viewed the deal as a way to claim a piece of the emerging wind energy business in North...