Daehan Electric Wire & Cable Wins $130 Million Power Grid Project in the U.S.

New US Orders Reach $330 Billion This Year
"Record-Breaking Order Volume Expected"

Daehan Electric Wire announced on the 18th that it has consecutively secured three power grid projects in the United States. The total contract amount is 130 billion KRW.

Daehan Electric Wire is laying cables in the United States.
[Photo by Daehan Electric Wire]

Daehan Electric Wire has achieved new orders exceeding 330 billion KRW in the U.S. this year. This surpasses 80% of the annual order amount of 400 billion KRW in 2022, which was the highest since entering the U.S. market.

The secured projects include one extra-high voltage project and two medium- and low-voltage projects.

The extra-high voltage project, valued at approximately 45 billion KRW, involves constructing a 345 kV power grid for a newly built semiconductor factory in New York State.

The two medium- and low-voltage projects, totaling 85 billion KRW, are being carried out in the Los Angeles area of California. Among these, one is a long-term project supplying medium- and low-voltage cables over three years.

Daehan Electric Wire is securing various projects such as new power grid construction in major cities on the U.S. East and West coasts, renewable energy linkage projects, and replacement projects for aging power grids.

Daehan Electric Wire stated, "As a favorable market environment has been established, we will carefully review plans to secure local production bases and discover more business opportunities."

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