Korea Electric Wire and Cable’s South African Subsidiary M-Tech Completes Power Cable Factory Expansion

Introduction of State-of-the-Art CCV Insulation Equipment, Doubling Production
Enhanced Quality and Price Competitiveness, Full-Scale Local Orders Begin
"Expanding Power Infrastructure Exports Using South Africa as a Base"

Korea Electric Wire and Cable announced on October 23 that it held a completion ceremony on October 22 (local time) for the expansion of the power cable factory of its South African production subsidiary, M-Tech.

Representatives from Korea Electric Wire and Cable and partner company CIH are taking a commemorative photo. (From left: Korea Electric Wire and Cable Vice President Junseok Kim, CIH Chairperson Anna Mokgokong, CIH CEO Jo Madungandaba, Hoban Group Chief Planning Officer Daehun Kim). Korea Electric Wire and Cable

Korea Electric Wire and Cable decided to expand its production facility to effectively respond to the growing demand for medium and low voltage (MV/LV) cables, which account for more than 90% of the underground power market in South Africa. The company also introduced an additional state-of-the-art insulated suspension-type continuous vulcanization (CCV) line. With this investment, M-Tech’s medium and low voltage cable production capacity will more than double compared to previous levels, and the company expects its quality and price competitiveness to be further enhanced.

The completion ceremony at the factory was attended by key figures, including Lester Bauer, Head of Energy at South Africa’s Department of Trade, Industry and Competition (DTIC); representatives from the state-owned power company Eskom; partner company CIH; Yang Donghan, Korean Ambassador to South Africa; Daehun Kim, Chief Planning Officer of Hoban Group; Junseok Kim, Vice President of Korea Electric Wire and Cable; and Youngsoo Shin, Head of M-Tech.

In his congratulatory remarks, Bauer, Head of Energy at DTIC, said, "As the South African government leads efforts to improve power infrastructure and expand renewable energy, demand for medium and low voltage cables continues to rise. With M-Tech’s investment, following its successful execution of numerous local projects, we expect the advancement of South Africa’s power grid to accelerate even further."

M-Tech is a South African joint venture established by Korea Electric Wire and Cable in 2000 to enter the African market. It has built trust in the local market by supplying a diverse portfolio, including medium and low voltage cables, overhead wires, trolley wires, and communication cables. Based on this, the company achieved sales of 123.9 billion won last year, representing approximately 33% growth compared to 2023.

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