Seah Wind, an international pipe manufacturer and subsidiary of South Korea-based SeAH Steel, has announced plans to open a new manufacturing facility in Redcar, UK. The company will invest more than £200m ($271m) in a new 36-hectare site that will produce parts for wind turbines.

SeAH Wind will create 750 direct jobs at the new location and an additional 1,500 in the supply chain and during construction. The first phase will be completed in March 2023 and the site will become fully operational in 2026.

Once completed, it will be the world’s largest monopile plant for offshore wind turbines. The site will be able to produce between 100 and 150 monopiles per year.

SeAH Steel chief executive officer Joosung Lee said: “When SeAH confirmed its UK investment, the aim was to contribute to the UK offshore wind industry by working with the UK government. We are pleased to take the first yet significant step for this goal in Teesside. We will endeavour to make our factory globally competitive as well as become a good member of the community.”