LS Cable & System Completes Submarine Cable Plant 2... Chairman Gu Ja-yeop Declares "A Step Toward the Future"

LS Cable & System Submarine Cable Plant 2, Donghae-si, Gangwon-do

[Photo by LS Cable & System]

[Asia Economy Reporter Ki-min Lee] LS Cable & System, which has been consecutively winning major global submarine cable projects, has completed its second submarine cable factory.

On the 2nd, LS Cable & System announced that it completed the second submarine cable factory in Donghae City, Gangwon Province, which will increase its production capacity by 2.5 times in the future. The second submarine cable factory covers a site area of 104,000 ㎥ and a building area of 8,800 ㎥.

LS Cable & System, which first entered the submarine cable market in 2009, explained that with the completion of the second submarine cable factory, its production capacity has been significantly expanded, laying the foundation for a leap forward.

Submarine power cables generally require continuous production of cables about 30 cm in diameter for tens of kilometers at a time. For this, large-scale manufacturing facilities are essential, and the facilities themselves are an important factor in competitiveness. The second submarine cable factory was built with facilities capable of producing, storing, and transporting ultra-high voltage cables on a large scale, reflecting these requirements.

LS Cable & System developed most of the facilities in-house and explained that the large manufacturing facility with a height of 50 meters (equivalent to an 18-story apartment) is one of only about five such facilities worldwide. Additionally, they introduced a 5,000-ton turntable capable of winding and storing cables equivalent to 1,000 five-ton trucks in one place.

The submarine cable business has recently been trending towards large-scale projects due to the expansion of offshore wind farms and large-scale tourist island developments on continents worldwide. LS Cable & System entered the Brazilian submarine cable market for the first time among domestic companies in February last year and secured projects worth a total of 500 billion KRW in Taiwan. Furthermore, they won a project worth 100 billion KRW in Bahrain earlier last month.

In his commemorative speech, Koo Ja-yeop, Chairman of LS Cable & System, said, “The submarine cable business has now created a foundation for independence and growth by leveraging past experience as an asset,” and added, “The completion of the second factory is a declaration of moving toward the future and a meaningful step toward the goal of becoming a ‘Global Cable Solution Leader.’”

In line with social distancing measures, LS Cable & System did not hold a completion ceremony but only had top executives visit the site to encourage employees.

This content was produced with the assistance of AI translation services.