LS to Build More Plants in Vietnam

Logistics center Phu My Port is mentioned as a new base

Amid the rapid growth of the global ultra-high voltage cable market driven by a surge in power demand fueled by artificial intelligence (AI), LS Cable & System has set out to expand the production-capacity of its Vietnamese subsidiary, LS Eco Energy.
According to the power industry, LS Eco Energy is searching for a site to expand its plant to increase its local production capabilities in Vietnam.

LS Eco Energy is considering new investments because its existing local production subsidiaries have reached a saturation point. LS Eco Energy is currently operating LS-VINA in Hai Phong, a city in the northern region of Vietnam, and LSCV in Ho Chi Minh City, in the southern region. Among these, LS-VINA is the only company in Vietnam capable of producing 200 kV ultra-high voltage cables and holds the top market share in the local market. Last year, a surge in export volumes to the United States and Europe contributed to LS Eco Energy achieving its best-ever performance.

The plan is to secure production capabilities for 400 kV super ultra-high voltage cables, which are used for transmitting large-scale power over long distances.
There are also predictions that the scale could be expanded by merging with investments from other LS Group affiliates, including E1, a liquefied petroleum gas (LPG) import and distribution company. The explanation is that the LS Industrial Complex will be established in Vietnam by aggregating demands from various companies.
 
 
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