LS Cable & System to diversify in the U.S. via a rare-earth magnet plant in Virginia
LS Cable & System will invest $689 million in three advanced manufacturing projects in Chesapeake, Virginia, including a rare-earth magnet plant. The company aims to strengthen U.S. electrification supply chains and expand into strategic materials. The plan builds on LS GreenLink USA, which will produce HV subsea and land cables starting in 2027.
LS C&S quadruples HVDC cable capacity through addition of cable production plant
LS Cable & System has completed its fifth submarine cable plant in Donghae-si, South Korea, quadrupling HVDC capacity and establishing Asia’s largest production site. Coupled with a new 10,000-ton cable-laying vessel from LS Marine Solution, the company now offers full turnkey capabilities for global long-distance HVDC cable projects.
LS Marine Solution wins first overseas submarine power cable contract in Taiwan
LS Marine Solution, a subsidiary of LS Cable & System, secured a $15.8 million contract to install submarine power cables for Taiwan’s 294.5 MW offshore wind project, marking its first international installation deal and a strategic move in expanding global power grid capabilities.