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LS Cable plan will expand company’s capacity to produce submarine cable

9/8/21 -- LS Cable & System (LSC&S) announced that the South Korean company will expand its submarine cable capacity at its campus in Donghae City, Gangwon-do.

A press release said that LSC&S will build an additional submarine cable plant in Building No. 2 of the Donghae City campus, which is in the Gangwon Province. The site now has three plants. The fourth plant will feature the tallest power cable production tower in South Korea. When completed, the vertical continuous extraction system tower will be as tall as a 63-story apartment, the tallest structure in Donghae City. Construction will start this October and is expected to be completed by the end of April 2023. The project, estimated to cost more than $161 million, will increase LSC&S’s submarine cable production capacity more than 1.5 times. The 172-m-tall tower is expected to improve cable insulation quality and increase productivity.

LSC&S built Korea’s first submarine cable plant in Donghae City in 2008, and has invested about US$296 million to date. The existing plant, which has a total floor area of 84,000 sq m, will get an additional 31,000 sq m.

“As countries around the world are increasing investments in renewable energy to become carbon neutral, the submarine cable market is also growing,” said LSC&S President & CEO Myung Roe-Hyun. “We will contribute to the national economy by expanding domestic investments.”

Read 311 times Last modified on September 8, 2021