Korea’s DSME Opens its North American Plant in Nova Scotia, Canada

HALIFAX, Canada, June 14, 2011 -

Korea-based Daewoo Shipbuilding & Marine Engineering (DSME)
and the Premier of Nova Scotia, Canada, celebrated the grand
opening of DSME Trenton Ltd. (DSTN) today, June 14, 2011.

“We are very pleased with the results of our expansion into the
North American market, and our strong partnership with the
province,” said DSTN CEO Nam-Ki Lee. “The progress we see here
today underlines that we are well on our way to creating a
renewable energy cluster in Nova Scotia.”

Nova Scotia Premier Darrell Dexter and Mr. Nam officially
started the company’s production line at the Trenton, Nova Scotia,
facility.

DSTN’s more than 100 workers are currently fulfilling orders for
30 towers.

“Congratulations to everyone who has played a part in creating a
world class manufacturing facility in DSTN,” said Premier Dexter.
“This investment is already creating the good jobs the province
needs while showcasing Nova Scotia as a leader in renewable
energy.”

The province secured a 49 per cent stake in the operation
through investments made in 2010 to establish DSTN as a joint
venture between the province and DSME. An additional $10 million
was invested by the Government of Canada.

DSME is a diversified company and one of the world’s largest
ship builders. The South Korean-based company was established in
1973 and today is a first-class builder of commercial and naval
ships and offshore projects. In 2009, DSME acquired DeWind Inc., an
American wind turbine engineering company, and announced plans to
expand into the wind-power sector and build a production plant in
North America. South Korea-based Daewoo is publicly listed on the
Korean Stock Exchange.

To explore opportunities, visit: href="www.novascotiabusiness.com">www.novascotiabusiness.com

For further information:
Brad Murray
DSME Trenton Ltd.
+1-902-753-7705
E-mail:  href="mailto:brad.murray@dsmetrenton.com">brad.murray@dsmetrenton.com

Melissa MacKinnon
Premier’s Office
+1-902-424-6600
E-mail:  href="mailto:mackinnm@gov.ns.ca">mackinnm@gov.ns.ca
Sarah Levy,
Nova Scotia Business Inc.
+1-902-222-3658
slevy@nsbi.ca

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