March 6, 2014
LS Cable & System announced that it has successfully won several projects in a row through cooperation among its production companies in India, Vietnam and China by defeating global cable makers in recent times.
On the 5th, LS Cable & System, through cooperation with LSCI, signed a contract to deliver $10 million worth of increased-capacity cable (HCC) to PGCIL (PowerGrid Corporation of India Limited). The cable is a state-of-the-art high energy-efficient product capable of doubling the amount of power transmission while keeping the existing transmission towers unchanged, thus avoiding costs incurred due to construction of new towers not to mention the conflicts and complaints of local residents that such construction often causes.
LS Cable & System explained that it was possible to win this order against stiff competition with its competitors by leveraging its supply achievements, technical power and LSCI’s local marketing network. LSCI also recently concluded a contract to supply communication products to Videocon, the largest home appliances maker in India.
Meanwhile, in Chile, LS Cable & System and LS-VINA, the Vietnamese subsidiary, scored another win by clinching a contract to supply $5 million worth of cables to Chile Metro at the end of February.
LS Cable & System is continuously expanding cooperation with its overseas subsidiaries. For example, some of the cables to be supplied to the Venezuelan power office, CORPOELEC, in August will come from the Chinese subsidiary, LSHQ.
