DaeHan Electric Wire Advances Facility Upgrades at South African Subsidiary Emtec

Plans for Modernizing Medium and Low Voltage Cable Production Facilities

Exterior view of Emtek Corporation

[Asia Economy Reporter Park Sun-mi] Daehan Electric Wire is advancing local facility upgrades to expand its competitiveness in the African region.

Daehan Electric Wire announced on the 12th that it will promote the modernization of production facilities at its cable manufacturing subsidiary M-TEC, located in South Africa. Through this investment, M-TEC plans to upgrade its MV·LV (medium and low voltage) cable production facilities.

MV·LV cables account for about 90% of the underground power market in South Africa, making them highly demanded cables. They are considered the most important products for stabilizing South Africa's power supply.

M-TEC will expand the CCV (Continuous Cable Vulcanization) line, a key process in cable production for insulation, and reinforce production lines that apply special treatment to conductor surfaces to prepare for South Africa's vulnerable security environment. The investment is expected to be completed by 2023.

A Daehan Electric Wire official stated, "With the expansion of core facilities for MV·LV cables, M-TEC is expected to secure production efficiency more than three times higher than before and enhance product and price competitiveness. Additionally, by expanding its portfolio from its existing main products such as communication cables and overhead cables to power cables, it aims to establish its position as a comprehensive cable company and increase its current market share of about 10% to over 25% by 2025."

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