SEOUL, October 23 (AJP) - South Korea's LS Cable & System is expanding its manufacturing footprint in Africa as part of a broader effort to strengthen its competitiveness in the region’s growing power infrastructure market.
The cable manufacturer held a ceremony on Oct. 22 to mark the expansion of its power cable plant in South Africa, operated by its subsidiary M-TEC. The project is designed to meet surging demand for medium- and low-voltage cables, which account for more than 90 percent of the country’s underground power market.
The upgraded facility effectively doubles M-TEC’s production capacity while improving quality and cost efficiency.
The ceremony drew attendees from both government and industry, including Lester Bower of South Africa’s Department of Trade, Industry and Competition; representatives from state-owned utility Eskom; executives from LS Cable’s local partner CIH; South Korean Ambassador Yang Dong-han; and corporate leaders Kim Dae-heon of Hoban Group and Kim Jun-seok of LS Cable.
“This investment allows us to better respond to local demand and expand exports across Africa,” LS Cable said in a press release. “We aim to play a key role in stabilizing South Africa’s power grid and in supporting the region’s energy transition as a comprehensive cable provider.”
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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