wiredInUSA April 2018

European presence

and System Ltd last year established an electric vehicle parts manufacturing subsidiary in Poland and a retail subsidiary in France. LS Industrial Systems Co completed construction of a solar power plant and energy storage system in Japan. In 2008 LS Cable acquired SPSX, the largest winding wire manufacturer and fourth largest communication wire producer by sales in North America. SPSX has overseas operations in over ten countries including China, Germany and Italy, taking around 20 percent of market share in Europe. It is also the sole supplier of motor winding wires to the US electric vehicle maker Tesla Motors.

The South Korean wire and cable company LS Group will establish a winding wire manufacturing facility in Serbia to expand its presence in the European market. LS Group announced that its American cable making subsidiary, Superior Essex Co (SPSX) has broken ground for the plant in Zrenjanin, about 90km away from Beograd. Atlanta-based SPSX will invest $22.9 million in the facility. The company will establish 42 lines, capable of producing 12,000 tons of winding wires, by the end of 2018 and begin operations in 2019.

The group has been aggressively expanding its overseas business. LS Cable

wiredInUSA - April 2018

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