wiredinUSA May 2019

Image: LS Cable and System

Increasing cable capacity

LS Cable and System is to invest $35.2 million in an additional cable manufacturing plant in Donghae, Gangwon province, South Korea. Construction will begin later this year. “The second cable plant will be built right next to our [existing] submarine cable manufacturing plant,” a spokesman said, adding that the plant will be completed by early 2021. At the new plant, LS Cable and System will manufacture extra-high voltage cables, including high voltage direct current cables. “With the new plant the cable manufacturing capabilities of the Donghae plant will be increased by 250 percent,” the company said.

high voltage cables from Europe and Asia, the firm has been considering adding new facilities to its overseas plants in Poland or Vietnam. But we decided to invest in the local community to create more jobs here. The administrative support offered by Donghae city and Gangwon province also helped us make this decision,” the firm said. “We will try to make the Donghae plant a hub of inter-Korean economic cooperation in Gangwon province,” commented Myung Roe-hyun, CEO of LS Cable and System. Gangwon province’s governor, Choi Moon-soon, expressed his gratitude for the investment plan. “While more companies are investing overseas, LS Cable and System’s decision to invest in the local community means much more,” he said.

“To meet the growing demand for extra-

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wiredInUSA - May 2019