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wiredInUSA - August 2014
37
ASIA / AFRICA NEWS
INDEXLS Cable & System has obtained AEO
(authorized
economic
operator)
accreditation from the Korea customs
service. To date, LS Cable & System is the
only cable maker in Korea that has the
accreditation and gains with it customs
clearance benefits in Korea and in those
countries with a mutual recognition
agreement.
The AEO system is an international logistics
standard established by the world customs
organization to facilitate international trade
while also ensuring security. The system
is implemented in around 60 countries
including the US, Canada, and the EU.
Customs authorities in each country select
accreditation targets by investigating and
reviewing compliance with laws, safety
management standards, internal controls,
and the financial integrity of importing and
exporting companies.
Once accredited as an AEO, a company
can benefit from simplified customs
procedures, preferential customs clearance
on inward cargoes and unlimited security
provision. AEO accredited companies also
receive benefits of the same standard in
eight countries including China, Japan and
the US with which Korea has entered into
mutual recognition agreement.
Cables get AEO
accreditation
LS Cable & System has won an order to
supply electric cables to Italy, believed to
be a first among non-European suppliers.
The aerial cables, worth $8.17 million, will be
supplied to Terna SpA, an Italian electricity
transmission system operator.
Electricity companies in Italy, France, and
Germany are known for their exacting
quality standards and strict construction
project management. Lee Heon-sang, LS
Cable & System’s head of overseas sales,
said: “Terna officials are highly satisfied with
our products and service to a degree that
they keep asking us to take part in future
biddings. We will expand toward other
higher value-added products such as
underground and underwater cables.”
The demand for electrical cables is steadily
on the rise due to urbanization and the
rising demand for more electricity. In
regions like Europe and North America,
in particular, most service areas need to
reinstall their cable lines after 30 to 40 years
of replacement cycle.
While most Northern European countries
prefer to replace the lines with underground
cables, those in Southern Europe, including
Italy, are making use of existing transmission
towers with aerial cables.
Italy favors
aerial
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