LS Eco Energy inks $30.5 million cable deal with Denmark's Energinet
![LS Eco Energy's manufacturing facility in Vietnam [LS ECO ENERGY]](https://koreajoongangdaily.joins.com/data/photo/2024/04/17/33f7bcba-0ce4-4661-b0a1-769c2d4c0ab9.jpg)
LS Eco Energy's manufacturing facility in Vietnam [LS ECO ENERGY]
LS Eco Energy has clinched a $30.5 million deal with Denmark's Energinet to supply extra-high voltage cables.
The supply will last for three years, the Korean company said Wednesday.
The deal is LS Eco Energy's second with a Danish company this year as it inked a $13 million cable supply deal earlier in the month.
The cable supplier started exporting cables to Denmark in 2017 and ranked No. 1 in the Danish ultra-high voltage cable market along with its parent company, LS Cable & System.
Established in 1996, LS Eco Energy has two cable manufacturing facilities in Vietnam. Its exports to Europe and North America now account for 30 percent of sales.
BY SARAH CHEA [chea.sarah@joongang.co.kr]
with the Korea JoongAng Daily
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