Malaysia’s Southern Cable Group Bhd reports that it has won a contract to supply underground cables and conductors to Tenaga Nasional Bhd (TNB), the nation’s utility giant. It also said that it wants to target the U.S. market.
Per an article in themalaysianreserve.com, the newest contract follows an addendum contract worth about US$7 million won by Southern Cable Sdn Bhd, its wholly owned subsidiary, secured in April 2023. To date, orders from TNB have been about $94 million. More than 80% of Southern Cable’s annual revenue typically comes from sales of power cables and wires. It notes that sales from January 2021 through 2022 saw annual compound growth of 27.8%.
Southern Cable, a registered supplier of wire and cable for TNB for the past 19 years, has a strong business relationship with the utility provider. It also supplies other utility providers such as Sabah Electricity Sdn Bhd and Sarawak Energy Bhd. Its sales include power cables and wires, aluminum rods and supply and installation of rectifier systems for 5G networks.
Regarding the sales to the U.S., an article in another Malaysian publication, The Star, said the company is applying for U.L. certification for some new products it would like to market to the U.S.