en.Wedoany.com Reported - As the global supply chain stabilizes after the US-Iraq war, the power industry is expected to directly benefit. Following the easing of tensions in the Middle East, investments in power infrastructure and reconstruction projects may fully commence, creating additional demand for transmission and distribution equipment. Accordingly, the cable industry believes that companies with technical expertise in extra-high voltage and submarine cables, as well as global project execution capabilities, will see expanded mid- to long-term business opportunities.

According to industry sources on the 25th, if geopolitical tensions in the Middle East ease and the region enters a phase of post-war reconstruction and economic normalization, the restoration of national power grids and new infrastructure investments are expected to proceed in full swing. In particular, transmission and distribution network upgrades and cross-border grid interconnection projects, driven by growing electricity demand, are anticipated to become new growth drivers.

LS Electric plans to continue expanding its power infrastructure business opportunities in key Middle Eastern countries. Taihan Electric Wire also stated that major Middle Eastern countries are making large-scale power infrastructure investments to diversify energy sources and enhance industrial competitiveness, and it will actively seek opportunities to participate in new projects in the future.

Additionally, orders for extra-high voltage transformers and high-voltage direct current (HVDC) systems in the European and North American markets remain robust. In these markets, demand for HVDC and extra-high voltage cables continues to grow, centered on offshore wind expansion, replacement of aging power grids, and projects to strengthen cross-border power interconnections.

LS Cable & System's U.S. production subsidiary, LS Greenlink, has recently begun construction of a vertical continuous vulcanization (VCV) tower at its submarine cable production plant in Chesapeake, Virginia.

The LS Greenlink plant will become the largest submarine cable production base in the United States, with a target completion date in the second half of next year and commercial production expected in the first quarter of 2028.

In March, LS Cable signed a framework agreement with the UK's National Grid for the supply of HVDC cables. Over the next eight years, it will proceed with cable supply and installation for a total of 15 projects. The budget for these projects is approximately £21.3 billion (about 40 trillion won).

In April, LS Electric, through its subsidiary LS Power Solution, signed a contract worth approximately $70.26 million (about 106.6 billion won) with a U.S. energy infrastructure company for the supply of extra-high voltage transformers. In January, it also signed a contract worth 62 billion won with a German energy company for the supply of 400 kV-class extra-high voltage transformers.

Taihan Electric Wire continues to expand its market position by securing major project orders in North America and Europe. This year, it won a 230 kV extra-high voltage transmission line construction project in Riverside, California, and continues to expand its extra-high voltage and HVDC business. In North America, it also secured a 320 kV-class HVDC grid project, broadening its HVDC business foundation.

In the first half of this year alone, it won four projects in the UK, expanding its presence in the European market.

Meanwhile, Taihan Electric Wire recently signed memorandums of understanding (MOUs) on HVDC submarine cable business cooperation with top European marine infrastructure companies—Belgium's Jan De Nul and the Netherlands' Boskalis. The foundation for cooperation in submarine HVDC and related infrastructure is also expanding.

A Taihan Electric Wire official stated, "By continuously expanding orders for extra-high voltage and HVDC projects, we are strengthening our business foundation in the global market. In particular, based on our accumulated project execution experience and technical expertise in HVDC and submarine cables, we have further enhanced our order competitiveness in key markets." He added, "We will continue to drive order growth in the high-value-added power infrastructure market while strengthening global project execution capabilities and supply stability to further improve our market responsiveness."

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