LS Cable sets milestone with U.S. power cable facilityLS Cable & System became the first Asian company to complete a power cable plant in the U.S. yesterday. Korea’s leading cable manufacturer said it held a ribbon-cutting ceremony for the plant in Tarboro, North Carolina, which was attended by more than 200 guests including Keith Crisco, secretary of North Carolina’s Department of Commerce, and LS Cable Chairman Christopher Koo.
Also present was Son Jong-ho, the company’s president, and Stephen Carter, CEO of Superior Essex, LS Cable’s new U.S.-based energy division. LS Cable built the plant based on a $64 million dollar investment last year. The new facility, built on 140,000 square meters of land, has an annual capacity of 20,000 tons of 300- to 600-voltage signal and control cables, low-voltage power cables (600V-2 kilovolts) and medium-voltage power cables (5-35 kilovolts) per year.
“The completion of the energy plant is one of the most important achievements in the 50-year history of LS Cable & System,” said Koo. “LS Cable & System will truly become a No. 1 global player.”
More in Industry
SK Telcom merges two security services subsidiaries
KDB requests sit-down with Asiana unions about takeover
Are you Taycan to me?
Facebook hit with $6 million penalty for customer data leak
Spinoff to give LG chairman's uncle his own conglomerate