Chairman Kim Seongyu of Hoban Group Visits Sites in South Africa and Singapore to Expand Energy Business

Sungryu Kim, Chairman of Hoban Group (second from the left), is visiting Emtec, the South African manufacturing subsidiary of Taihan Cable, to inspect the production site. Hoban Group

Kim Seongyu, Chairman of Hoban Group, is accelerating efforts to strengthen the competitiveness of the group's energy business by taking a hands-on approach at overseas sites.

On March 20, Hoban Group announced that Chairman Kim had visited Taihan Cable's power infrastructure business sites in South Africa and Singapore to review operations and discuss cooperation plans with local power companies.

Together with its affiliate Taihan Cable, Hoban Group is strategically expanding its overseas infrastructure and energy businesses in order to respond to the global shift toward energy transition and growing power demand. This on-site management activity is aimed at reinforcing the group's business foundation in the global market, in line with its ongoing investments in the energy sector.

Chairman Kim toured the M-TEC plant, Taihan Cable's South African production subsidiary, and encouraged employees. M-TEC, established by Taihan Cable in 2000, supplies a variety of products including power lines, trolley wires, and communication cables, and has established a strong presence in the local market. The company recently expanded its factory to meet rising demand in Africa.

Chairman Kim also exchanged views with local business partners regarding future investment and cooperation directions. South Africa is currently working to secure stable power supply and transition its energy mix at the same time, with the expansion of renewable energy and improvement of power infrastructure identified as key policy priorities.

Chairman Kim emphasized, "The power infrastructure industry is undergoing rapid change, requiring simultaneous solutions for energy security, sustainability, and growth. It is essential to adopt a long-term investment strategy in response to the structural transformation of energy transition and infrastructure assets."

In addition, Chairman Kim visited Singapore to inspect the progress of a high-voltage power grid construction project being carried out by Taihan Cable. This project involves building a 400kV-class underground power network connecting Singapore and Indonesia, and Taihan Cable is executing the project under a full turn-key contract, handling everything from design and material procurement to construction and testing.

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