Taihan Cable secures $65 mn cable contract in US

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The story "Taihan Cable secures $65 mn cable contract in US" was covered 2 weeks ago by Korea Economic Daily, a news publisher based in South Korea.

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Taihan Cable secures $65 mn cable contract in US - Korea Economic Daily

Quick Summary:

The agreement entails supplying power cables worth 30 billion won ($21.8 million) annually, with a potential total value of up to 90 billion won ($65.3 million) over three years.

With these contracts, Taihan Cable’s total orders in the US market this year have surpassed 720 billion won, marking a record high since the company entered the North American market.

In the US, more than 50% of the underground power grid has exceeded its 40-year lifespan, and the recent surge in demand due to AI and data centers has heightened the need to upgrade the grid.