A view of LS Cable & System’s cable plant in Egypt. (Photos: LS C&S)

LS Cable & System (LS C&S) has dedicated a cable production plant in Egypt, its first one in Africa.

LS C&S established LS Man Cable (LSMC), a joint venture with Egypt’s cable maker MAN, in Ramadan City near Cairo on January 2020.

The joint venture produces overhead transmission lines suspended by towers between power plants and substations.

LSMC struck a contract to supply cables to build power grid for a new city with the Egyptian state-run power company and began mass production upon dedication.

LS C&S President Myung Noh-hyun said, “Each region around the world creates an economic bloc, export barriers are getting higher.” LS C&S is ramping up its competitiveness by directly investing in major hub countries, he added.

 
The Egyptian cable market is maintaining growth with an annual average increase rate of more than 5 percent on the back of new demand related to the construction of a new administrative capital and rising population and demand for replacements related to the existing old power networks.

An LS C&S official said demand for electricity cables gets high in the whole of Africa, including Egypt, but export barriers have increased with the imposing of a tariff of about 20 percent tariff and logistics costs.

Local production will enable the joint venture to secure price competitiveness and settle the business at an early date using customer networks of partner companies, the official added.

Egypt plans to expand free trade agreements with East Africa and the Middle East, LS C&S said.

The dedication of the production operation in Egypt has brought to 11, the number of production operations, including ones in the United States, China, Vietnam and Poland.

Officials from LS VINA, the subsidiary of LS Cable & System Asia and Hoanh Son Group, a Vietnamese contractor, signed a contract to supply cables and on related businesses in March 2019.

LS Cable & System Asia Supplies Cables to Photovoltaic Power Farm in Central Vietnam

LS Cable & System Asia has finished the supply of cables to a photovoltaic power farm in Tinh Ninh Thuan, central Vietnam recently. LS-VINA, a subsidiary of LS Cable & System Asia, struck a deal on the supply of mid- and high-voltage cables with Tien Thanh, Vietnam’s EPC company., last year.

LS-VINA is zeroing in on the development of related products and expanding investments as Vietnam aims to raise the portion of photovoltaic power generation from 0.9GW in 2020 to 12GW in 2030.

LS-VINA plans to spend about 40 percent of its investments for this year on strengthening unit price competitiveness of photovoltaic products and expanding facilities.

LS-VINA won a deal to supply cables to about 10 photovolatic power farms, being built by Hoanh Son, a Vietnamese contractor, in 2019.

The company has been expanding the related business since then. LS-VINA saw power cable sales related to photovoltaic power surge from 4 percent in 1919 to 15 percent in 2020.

LS Cable & System Asia is expected to win orders on underground cables as Vietnam will offer bids on off-shore wind power projects in earnest this year.

As the Vietnamese government plans to develop off-shore wind power farms with a combined capacity of 14Gw by 2030, the Vietnamese underground cable market is predicted to surge to about 2 trillion won.

An LS Cable & System Asia official said inquires on products, produced by LS, are flooded as there is no underground cable makers in Vietnam.

LS Cable & System Asia plans to secure an upper hand in the Vietnamese undersea cable market in cooperation with its parent LS C&S and LS HongQi Cable & System, the official said.

LS Cable & System Asia, a Vietnamese subsidiary of LS C&S, tops the Vietnamese cable market.