LS Cable wins $110M in orders in Middle EastLS Cable and System, a leading cable and network builder and a former LG Group subsidiary, won $110 million worth of orders from Middle East countries, the company said yesterday.
They include a $107 million order from Kuwait, a $1.44 million order from Saudi Arabia and a $1.36 million order from Qatar.
LS will supply 400-kilovolt (kV) cables and connectors for a 101.8 kilometer extra high-voltage cable network for Kuwait and Qatar. The two countries are conducting a joint project to establish a power network in order to meet growing demand for electricity.
For Saudi Arabia, LS will supply 132kV gap conductors for a 157.3 km power transmission system that will connect Najran and Jizan in the southern part of the country. The Korean cable maker will also install the cables, which will bring the company additional profits, it said.
Orders from the Middle East region are crucial for LS, the company said.
LS has become a competitive player in a market long dominated by European and Japanese companies..
LS won out local competitors like Saudi Cable and other companies to win the Saudi Arabia order, it said.
“Our technological capability and product competitiveness have been proven by the Saudi order,” the company said.
By Song Su-hyun [email@example.com]
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