대한전선 has reaffirmed its position in the European market by securing a turnkey project in Germany.
The company announced on October 27 that its Dutch subsidiary, Taihan Netherlands B.V., has won a turnkey contract for a 380kV high-voltage power network project in Germany.
Under this project, the Dutch subsidiary will oversee the entire project, including local engineering and construction, while the headquarters will produce and supply key materials such as high-voltage cables and accessories.
As a result, the headquarters has signed a contract worth approximately 115 billion won with the Dutch subsidiary. This amount pertains to the supply of materials, and the total value of the turnkey project, which includes local engineering and construction, exceeds this figure. Details regarding the total contract amount and the client remain confidential due to a non-disclosure agreement.
This project involves the establishment of a 380kV power network, the highest voltage level for underground AC power networks in Germany. Earlier this year, Taihan Electric Wire demonstrated its competitiveness by securing two contracts for 380kV high-voltage power network projects in Germany in January 2023.
The additional contract is significant as it reaffirms the company's project execution experience, quality reliability, and technical capabilities in the German market.
Taihan Electric Wire has strengthened its position as a major supplier by winning large-scale projects in Germany, Denmark, and the UK, achieving over 500 billion won in new orders in Europe this year alone. With ongoing investments in high-voltage power infrastructure to meet the growing demand for AI expansion and data centers, the company plans to accelerate its market penetration based on its local achievements.
A representative from Taihan Electric Wire stated, "We will further strengthen our collaborative relationships with customers and partners in Europe and enhance our understanding of the local market and business capabilities. Based on the trust we have gained in the high-voltage power network business, we will also expand opportunities in the HVDC and submarine cable sectors and connect them to new orders."
* This article has been translated by AI.
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