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LS Cable & System Ltd., South Korea's top wire and cable maker, said Tuesday
that its U.S. subsidiary has begun to produce power cables for industrial
use.
LS Cable said in a statement that its U.S. unit Superior Essex
Inc. has started to produce 300 and 600 voltage power cables at a plant in
Tarboro, North Carolina.
LS Cable took over Superior Essex, the
largest wire and cable manufacturer in North America, for US$900 million in
2008.
LS Cable started building the U.S. plant in May last year with a
budget of $60 million. The plant, whose construction is scheduled for completion
in October, has begun to produce power cables for industrial use as a
low-and-medium voltage power cables production line was already
completed.
The company said that the move will pave the way for the
company to penetrate into the North American cable market and make inroads into
the European market.
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