Dong nai: Taihan Cable and Solution Co., South Korea's second-largest cable maker, announced plans on Wednesday to expand its production capabilities through its wholly owned Vietnamese unit to meet increasing demand.
According to Yonhap News Agency, Taihan Vina will invest 75 billion won (US$54 million) to construct a 400-kilovolt extra high-voltage cable plant next to its existing high, medium, and low-voltage cable facility in the Long Thanh Industrial Complex in Dong Nai Province. The company revealed in a press release that construction is set to commence early next year, with operations expected to begin in 2027.
The new facility aims to address the rising demand for extra high-voltage cables not only in Vietnam but also in international markets, including Europe, the United States, and Oceania. Taihan Cable currently operates two cable plants and one cable accessory plant in South Korea. Internationally, the company has cable plants in South Africa, Kuwait, and Vietnam, along with a cable accessory plant in Saudi Arabia.