The project is designed to replace an aging power infrastructure with a new one in the southeastern state of Florida. Taihan will remove the existing cables and supply a 230kV EHV power grid as a full turnkey service.

Apr 14, 2024

Taihan Cable & Solution Company Limited, a Korean corporation known for manufacturing electric wires and stainless steel products for electricity and communication, has been awarded a project worth around USD 80.52 million involving replacement of an outdated power grid in the United States.

The project is designed to replace the aging power infrastructure with a new one in the southeastern state of Florida in anticipation of increasing power demand in the region. Taihan will be removing existing cables and supplying a 230kV EHV power grid as a full turnkey service.

The successful bid for this contract is thanks to the recognition of the proven track record of Taihan in executing a variety of projects in the U.S. The proposal of new solutions for the replacement of aging power grids was instrumental in moving the project forward. For the New York project secured last year, a unique installation method with a U.S. patent was introduced to showcase laying technology tailored to the urban environment.

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By securing this deal, the company has brought its cumulative order value for the year to about KRW 200 billion in the U.S. alone.

In just one quarter, Taihan has already achieved half of its record annual orders in the U.S. from fiscal year 2022 around KRW 400 billion.

While rising electricity consumption and the expansion of renewable energy sources are driving an increase in the demand for power networks across the U.S., over 50% of the existing transmission infrastructure has surpassed 40 years of service, exceeding its life cycle, giving rise to strong anticipation of additional orders to follow.

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Taihan, which was established as the first electric wire company in Korea, paved the way for development of the fields of power and communication cables and base metal, and has been leading the development of the global cable market as well as Korea market.

Taihan Cable & Solution Co., Ltd. is a Korean corporation known for manufacturing electric wires and stainless steel products for electricity and communication. It was established in 1955 as the first wire and cable company in South Korea.