Daewoo to take over TrentonWorks: sources

South Korean manufacturing giant Daewoo is on the verge of resurrecting the mothballed TrentonWorks plant in Nova Scotia.

Anna Sawinska, business development manager for Daewoo Shipbuilding and Marine Engineering Co. Ltd., confirms in an interview with The Canadian Press that the company plans to build components for wind turbines at the seven-hectare factory in Trenton.

Sawinska said talks are continuing with federal and provincial government officials and a final deal has not yet been signed.

But she said plans are being made to release details in Nova Scotia on March 5.

Three sources with knowledge of the announcement say it could ultimately mean hundreds of jobs at the former railcar plant, which was closed by Oregon-based Greenbrier Inc. in April 2007.

One source said the plant could manufacture rotor blades and support stands for wind turbines.