 The extensive plant was converted to manufacture wind turbine components for South Korean industrial conglomerate Daewoo Shipbuilding & Marine Engineering in its first foray into North America; this was made possible through corresponding investments by both the Government of Nova Scotia and the Government of Canada.The Hope Iron Works was founded at Trenton by blacksmiths Graham Fraser and Forrest MacKay in 1872 to produce iron forgings such as anchors for use in wooden sailing ships with the business expanding in 1876 to produce railway car axles.In 1878 the Nova Scotia Forge Company was constructed on a site occupying the east bank of the East River of Pictou in Trenton, replacing the Hope Iron Works.