Taihan Cable secures $65 mn cable contract in US

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.

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Article Details

Category: Economy

Markets: South Korea

Topics: Total Contract Grid Taihan Power Worth Korea Cables Billion Cable Million)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 17:28:31 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 176 words

Reading Time: 1 minutes read

Sentences: 12 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23427344

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