Recently, South Korea's LS Cable has signed a $50 million power cable supply contract with Western Australia Power Company.
LS cable received Australia's $50 million power cable supply contract. This is the largest contract awarded by Korean cable manufacturers in Australia.
In 2016, LS Cable established a subsidiary in Australia and was listed as the preferred supplier within two years. This is a major achievement.
In Australia, demand for power cables for resource development and new energy sources such as wind and solar power is on the rise.
LS Cable successfully won the contract through its Vietnam production subsidiary to ensure product price and quality competitiveness. 'The strategy of strengthening the competitiveness of each overseas base by responding quickly to changes in the global market environment is producing results.'
LS Cable CEO Roe-hyunMyung said: 'With the award of this contract, we hope to expand our market share in Australia. ' LS cable is accelerating overseas business. In 2017, we have established power cables in the US, Myanmar, France and Poland. , production base of optical cable and electric vehicle parts.