LS Cable Donghae Submarine Expansion Boosts Global Cable Capacity
LS Cable & System President & CEO Myung Roe-Hyun announced that the company will expand its submarine cable capacity at its Donghae City, Gangwon-do campus. This LS Cable Donghae Submarine Expansion supports rising demand for power cables that connect offshore wind and other renewable energy projects.
New Submarine Cable Plant and VCV Tower
LS Cable & System plans to build a new submarine cable plant in Building No. 2 at the Donghae campus. The site now operates three plants, and this project will add a fourth plant to the complex.
The expansion also includes South Korea’s tallest power cable production tower. The 172-meter vertical continuous vulcanization (VCV) tower will stand about as tall as a 63-story apartment building. As a result, it will become the tallest structure in Donghae City and will improve both cable insulation quality and productivity.
Construction will begin in October and should finish by the end of April 2023. Overall, the project will cost more than US$161 million and will increase the company’s submarine cable production capacity by over 1.5 times.
Long-term Commitment to Submarine Cable Manufacturing
LS Cable & System built Korea’s first submarine cable plant in Donghae City in 2008. Since then, the company has invested about US$296 million in the site to strengthen its global power cable capabilities.
Today, the existing plant complex offers a total floor area of about 84,000 square meters. With this expansion, LS Cable & System will add roughly 31,000 square meters of additional space, which will support future projects and more advanced manufacturing systems.
Supporting Renewable Energy and the National Economy
“As countries around the world increase investments in renewable energy to achieve carbon-neutral goals, the submarine cable market continues to grow,” said Myung Roe-Hyun, President & CEO of LS Cable & System. He added that this expansion will help the company support offshore wind and other clean energy projects. In addition, he emphasized that LS Cable & System will contribute to the national economy by expanding domestic investments.
