The energy equipment manufacturing unit of South Korea’s energy-to-retail conglomerate GS Group on Tuesday unveiled a plan to spend 214 billion won on automatic equipment for producing wind power foundations and 86 billion won on buildings for the business.“GS Entec’s investment and business shift is in line with GS Group’s new strategy of future growth through digital eco-friendly sectors,” said a GS Group official.“The unit plans to accelerate cooperation with other affiliates such as GS E&R and GS EPS through the new wind power business.”GS E&R Corp and GS EPS Co.are the group’s power plant operators.
South Korea’s GS Entec Corp.is set to invest 300 billion won ($216.8 million) in facilities to manufacture wind power equipment as it aims to shift its business focus to the eco-friendly industry.
JOIN HANDS WITH GLOBAL TOP PLAYERGS Entec signed a strategic partnership with Sif Netherlands BV, the world’s top producer of monopiles for wind power facilities, to manufacture the steel tube foundation, which serves as a supporting pillar in the water.
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