Korean Electric Cable Announces Approximately 1 Trillion Won Investment Plan to Build Submarine Cable Plants in and Outside of South Korea = South Korea

Korea Electric Cable, a major power transmission cable company, recently announced a 990 billion won (approximately 109,510,830,000 yen) investment plan for the construction of a submarine cable factory in South Korea and factories overseas.
The painting was published. The company explains that the purpose of this investment plan is to respond to the increasing demand for submarine cables.
After producing cross-linked polyethylene (XLPE) insulated cables and submarine cables,
It is essential to build a factory near the port so that it can be quickly loaded onto cable-laying ships. The first submarine cable factory will be constructed in Dan Jin, Chungcheongnam-do, and the second
We are currently considering a site that meets the conditions. The first factory will be constructed in stages 1 and 2 with an investment of approximately 220 billion won (approximately 24,326,690,000 yen). The first stage is from January to March this year, and the second stage is from January to March this year.
Each stage is scheduled to be completed between January and March next year. The second factory will be constructed during the January-June period of 2027 with an investment of 720 billion won (approximately 79,684,840,000 yen). Once completed, production capacity will increase
In addition to being more than five times more powerful than conventional cables, it also enables the production of high-voltage direct current transmission (HDVC) cables. Furthermore, orders and sales overseas continue to increase or are expected to increase.
The company is reportedly considering acquiring or constructing local factories in North America, the Middle East, and other countries. The acquisition and construction costs are expected to be 50 billion won (approximately 5,529,660,000 yen).