LS Cable & System Expands in Indonesia with AG Group Joint Venture
LS Cable & System is strengthening its footprint in Southeast Asia by forming a strategic joint venture with Indonesia’s AG Group. This move supports the company’s long-term growth in the region’s rapidly expanding cable market.
LS Cable & System Indonesia Joint Venture Investment Plans
LS Cable & System signed an agreement with AG Group to invest $40 million in new cable manufacturing plants near Jakarta. The company plans to complete construction on an accelerated timeline to meet rising infrastructure demand.
The facilities will manufacture overhead cables for infrastructure projects as well as low- and medium-voltage cables used in construction and industrial applications.
Learn more about LS Cable & System: https://www.lscns.com
Explore AG Group: (No official global website available)
Production Goals and Market Growth Strategy
LS Cable & System expects the new plants to generate approximately $100 million in revenue by 2025. The company aims to meet Indonesia’s increasing demand for reliable power and construction cable solutions.
This expansion positions LS as a key player in Indonesia’s infrastructure development sector.
Strategic Support from South Korea’s New Southern Policy
LS Cable & System CEO Myung confirmed that discussions with AG Group gained momentum after South Korea introduced its New Southern Policy. President Moon Jae-in announced the initiative to strengthen economic cooperation with Southeast Asian countries, including Indonesia.
This policy continues to drive Korean companies to expand investments across the region.
AG Group’s Strong Market Presence
AG Group ranks among Indonesia’s top 10 conglomerates and operates across multiple industries, including banking, hospitality, construction, and resorts. Its strong domestic presence provides LS Cable & System with valuable local expertise and market access.
