LS Cable wins deal in France
By Kim Yoo-chul
LS Cable, the nation’s biggest wire and cable maker, has taken another significant step to further boost its global business by securing a deal to build a power line in Europe.
On Monday, the company said it has won an order from the state-owned Electricity of France (EDF) to build a high-voltage power cable line in the European country.
In the statement, LS Cable said that the latest order requested by the French government is a first for a Korean cable manufacturer.
Upon the agreement, the firm plans to construct a 5.5-kilometer, 225-kilovolt transmission line for a power plant called La Rance in northwestern France.
It said the contract also calls for LS supplying the material for associated connectors, laying the cables and overseeing the overall project.
EDF is the world’s No. 2 electric utility company and LS officials say the contract will help the Korean company boost brand awareness internationally as the French utility firm applies very tough standards in product quality.
``That’s why we understand the agreement as a testament for LS’s advanced technologies,’’ said a company spokesman.
LS is in talks for several similar projects in Europe, though the spokesman declined to provide further details. ``But we will embrace the deal as a springboard to accelerate our efforts in overseas markets,’’ he added.