LS Cable & System Singapore power cable deal
LS Cable & System (LS C&S) has secured a government contract worth aboutย $82 millionย to supplyย lowโvoltage and highโvoltage power cablesย to Singapore. The company plans to deliver aboutย 400 km of cable through 2021, supporting the countryโs ongoing power grid upgrades. You can learn more about LS Cable & System atย https://www.lscns.com.
The orders come from theย Singaporean government, which has worked since 2017 toย replace aging cable infrastructure. LS C&S notes that it holds theย largest market shareย in Singaporeโs power cable sector. The company creditsย greater transparency in its local operations, improved management practices, andย active technical supportย over several years as key factors that helped it secure this new deal.
Strategy, growth, and offshore wind projects in Taiwan
LS C&S President and CEOย Myung Roeโhyunย says the company continues to expand overseas to offset theย global economic slowdownย andย limited domestic demand. He also describes the Singapore contract as aย valuable achievement, especially during the challenging business climate created by the Covidโ19 crisis.
In addition, LS C&S has started shippingย submarine cables for Taiwanโs offshore wind farms. The company previously won an order to supplyย highโvoltage submarine cableย for theย first offshore wind farm project in Taiwan. That project requires the installation of aboutย 70 km of cableย for a site located off the coast ofย Yunlin County (Yunlin Xian)ย in western Taiwan.
